Near Term Trend: Bearish
As of 6/8/2018 close: 1.17705
UPDATE: Last week, I suggested buying near 1.15526 with an upside target of 1.20 and with stops below 1.14.
We did not get the downside move to support for which I was looking. Right now, the EURUSD bounced this week after the recent sharp decline. I believe the bounce to be counter-trend in nature and would be fading the rally.
I would be willing to short bounces to 1.18731 with stops on a close above 1.19 and with a downside target of 1.13425. If stopped, try again at 1.20921.