Currently: Short Looking to: Cover at 1.0854
As of 2/21/20 as of 2:37pm EST: 1.0856
LAST WEEK: We suggested covering / getting long at last weeks levels (1.0841) with a target of 1.1011 for selling / getting short. Stops on shorts were to be honored on a close
above 1.115 and the next downside target was to be 1.077.
UPDATE: The EURUSD dipped a bit further than we anticipated this week actually coming within a hair of
testing our next downside target of 1.077. On Friday, however, were seeing a very big single-day rally so perhaps this is the bounce for which we were waiting. We would look to sell EURUSD longs at 1.0942 and get short at 1.0979 with stops honored on a close above 1.1 and would use 1.079 as the downside target for covering.