Currently: Short Looking to: Cover at 1.0980
As of 5/24/19 close: 1.1204
LAST WEEK: We suggested selling longs / getting short at 1.1204 with stops honored on any close above 1.1266 and with a target of 1.0980.
UPDATE: The EURUSD bounced up to our short entry point at 1.1204 in rather violent fashion following the news out of Britain late last week. If short, honor stops on a close above 1.1266 and look to cover on the next big drop down to 1.0980. If in cash, look to short up at 1.1265 with stops on a close above 1.1266 with the same 1.0980 target. No new longs right now despite the initial rally off the lows.