Near Term Trend: Neutral
As of 8/17/2018 close: 1.14385
UPDATE: 1.14385
Last week, I suggested covering shorts and getting long near 1.1364 with stops below 1.13 and with a target of 1.151.
The EURUSD cross is bouncing short-term but may be running into some serious resistance at 1.15089. From there, Im expecting at least a test of the recent lows.
Id be holding longs initiated this week until 1.15. I would be looking to short at 1.15089 with stops above 1.15543 and would use 1.13 as a downside target for covering.