Currently: Short Looking to: Cover here; buy 1.21851
As of 1/8/21 close: 1.22189
LAST WEEK: We suggested covering shorts at 1.2176 and trying to get long again at 1.19656 with a target of 1.2400.
UPDATE: The EURUSD is looking a little tired of late. However, it is quite possible there is still more upside yet to come. Right now, above 1.22889 is bullish and below 1.21851 is bearish. The next upside target above 1.22889 is 1.24510. We would cover now and get long near 1.21851 with stops on a close below that level and with a target for selling / shorting at 1.24510.