Currently: Short Looking to: Cover @ 1.1216
As of 2/10/19 as of 1.1328pm EST:
UPDATE: Last week, I suggested holding shorts unless 1.1571 was eclipsed and then looking to cover / get long at 1.1263 with stops below 1.12 and with a target of 1.155.
The EURUSD cross turned lower suddenly this week after turning higher suddenly just a week earlier. The weekly chart to the left tells us there are lower prices ahead its just a matter of how low theyll go. At best, 1.1216 should be tested. At worst, were looking at 1.10 or 1.0728.
Hold shorts unless 1.1427 is violated on the upside. Cover shorts at 1.1216. No longs for now.