Currently: Short Looking to: Cover @ 1.0765
As of 7/12/19 close: 1.1268
LAST WEEK: We suggested shorting rallies to 1.1298 with stops above 1.1342 and with a downside target of 1.0765.
UPDATE: The EURUSD cross peaked above resistance last week but closed the week back below it. We maintain out bearish opinion of EURUSD and fully anticipate it making its way down to the 1.0765 target.
We would look to short rallied in EURUSD to 1.1287 with stops on a daily close above 1.1335 and would look to cover shorts down at 1.0765. No new longs until 1.0765 is tested.