Currently: Cash Looking to: Buy now, sell @ 1.114
As of 11/10/19 @ 8:39pm EST: 1.1021
LAST WEEK: We suggested selling longs and getting short at 1.1382 with stops on shorts above 1.1411 and with a target of 1.04. Ahead of the test of resistance, we suggested buys at
1.115 with stops < 1.1127 and with a selling target of 1.1382.
UPDATE: The EURUSD cross has fallen through projected support at 1.115. Right now, this is a low conviction call.
However, if we had to make a call, it would be to look for a bounce to around 1.114 and then for a subsequent fall to 1.099. We would be buyers at current levels with stops on a
close below 1.099 and would look to sell and short up at 1.114. Stops on shorts should be set on a close above 1.1176 and the target will be 1.099.