Near Term Trend: Neutral
As of 5/18/2018 close: 1.17717
UPDATE: Last week, I suggested selling bounces in EURUSD up to 1.20667 with stops on a close above 1.21 and with a target of 1.555.
The EURUSD is working its way lower. But, it should bounce at some point soon before the next grind lower. No serious buys until 1.165.
I would be selling bounces in EURUSD up to 1.19897 with stops on a close above 1.20173 and with a downside target of 1.175.