Currently: Short Looking to: Cover @ 1.1345
As of 10/5/2018 close: 1.1524
UPDATE: Last week, I suggested buying dips to 1.1526 with stops on a daily close below 1.1500 and with a target of 1.708.
The EURUSD stopped out longs this week. The weekly chart is showing possible H&S top formation with downside target of 106. That kind of implied strength in the USD would be very bad for global risk assets.
Id short immediately with a target of 1.1300 and with stops on a 5-hr close > 1.1571. Id try longs for a trade at 1.13 with stops on a close below 1.1250 and with target of 1.15.