Currently: Cash Looking to: Short @ 1.16831
As of 7/24/20 close: 1.16541
LAST WEEK: We suggested shorting at last weeks levels with stops on a weekly close above 1.1452 and with a tgt. of 1.11733 for covering and getting long.
UPDATE: The EURUSD blew right through another possible upside target. Now, as the chart to the left shows,
EURUSD may be completing a 5th wave and should pull back soon. We would look to shed remaining longs and get short of EURUSD at 1.16831 with stops honored on a daily close above 1.175 and with a target for covering at 1.14225. We would only look to get long on an extended pullback to
1.11733 with stops honored on a close below 1.11680 and with a target of 1.20924.