Currently: Short Looking to: Cover @ 1.0878
As of 9/27/19 close: 1.0940
LAST WEEK: We suggested shorting bounces to 1.1048 with stops above 1.1150 and with a target of 1.0878. We
suggested longs at 1.0878 with stops below 1.0775 and with a target of 1.1300.
UPDATE: The EURUSD cross got crushed last week. The trouble is likely to continue. ST Resistance for the EURUSD
cross comes in at 1.0993 and ST support comes in at 1.0878.
However, the LT range of support doesnt come into play until all the way down at 1.0342 to 1.0518.
We would cover shorts and get long at 1.0878 and to try holding on until 1.1300. Honor stops on a close < 1.08.