Currently: Long Looking to: Sell / short @ 1.114
As of 11/15/19 close: 1.105
LAST WEEK: We suggested buying at last weeks levels near 1.1033 with stops on a close below 1.099 and with an upside target for selling / getting short of 1.114. Stops on shorts were to be set on a close above 1.1176 and the target was to be 1.099.
UPDATE: The EURUSD cross is trading higher early Monday and is approaching the upside target of 1.114 for
longs initiated last week. From that target, we anticipate that well see at least a test of 1.0989 and possibly down to 1.0879. Well have to wait and see which of those levels holds. We would sell / short at 1.114 with stops on a close above 1.12 and with a target of 1.0989.