Currently: Cash Looking to: Short @ 1.19492
As of 8/7/20 close: 1.17832
LAST WEEK: We suggested shorting at 1.19492 with stops on a close above 1.20500 and with a target of 1.15588.
UPDATE: The EURUSD currency cross tailed off a bit on Friday after another several days of strong upside action. The cross has not yet reached up to our (next) projected upside target of 1.19492 but we still think it will do so.
We would continue to look to sell longs / start shorts at 1.19492 with stops honored on a close above 1.20500 and with a target of 1.15588.