Currently: Short Looking to: Cover @ 1.0691
As of 5/15/20 close: 1.0816
LAST WEEK: We suggested selling / shorting at 1.0926 with stops on a close above 1.1002 and with a target for covering at 1.0691. We suggested longs at 1.0637.
UPDATE: The EURUSD remains relatively weak and should continue that way until 1.0691 is tested on the downside.
We would use a bounce to 1.0826 to short and would look to cover down at 1.0691. Honor stops on the shorts on a close above 1.085. We would look to get long on an extended move down to 1.0637 with stops on a close below 1.06 and with a target of 1.11.