Currently: Short Looking to: Cover now / buy @ 1.128
As of 3/22/19 close: 1.1315
LAST WEEK: We suggested selling longs and getting short at 1.1422 with stops above 1.147 and with a target of 1.08.
UPDATE: The EURUSD made it up to our short trigger at 1.142 and even tested 1.147 before turning lower at the end of the week. Based on a fresh look at the daily chart, though, we need to change our outlook and strategy ST. We now think last weeks pullback may lead to one more upside move that will take prices up to 1.155. We would cover shorts immediately and would look to buy as close to 1.128 as possible with stops on closes < 1.127 and with a tgt of 1.155.