Currently: Short Looking to: Cover at 1.0980
As of 5/19/19 at 8:53pm EST: 1.1162
LAST WEEK: We suggested selling / shorting at 1.1257 with stops on a close above 1.1260 and with a target of 1.0765.
UPDATE: The EURUSD is tumbling again as the new week gets started. The chart remains just as bearish as we noted it did last week. All rallies are to be sold for the time being. We would be selling longs / getting short at 1.1204 with stops honored on any close above 1.1266 and with a downside target of 1.0980 (in the short-term) or 1.0519 in the longer-term.