Currently: Short Looking to: Cover @ 1.0765
As of 7/7/19 at 11:10pm EST: 1.1229
LAST WEEK: We suggested shorting as close to 1.1436 as possible with stops above 1.15 and with a target of 1.0980.
UPDATE: The EURUSD cross seems to be destined for lower prices in the short-term. We are now setting the target for this move down at 1.0765. We would be shorting rallies as they test resistance until 1.0765 is tested on the downside. The first level at which such sales should be made is 1.1298. We would honor stops on a close above 1.1342 and would use 1.0765 as the target. We will be flipping and getting long down there with stops below 1.07 and with an upside target of 1.1149.