Currently: Short Looking to: Cover at 1.0854
As of 1/26/20 as of 10:34pm EST: 1.1029
LAST WEEK: We suggested selling longs / getting short at 1.1171 with stops on a close above 1.1208 and with a target of 1.0982 for covering and 1.0879 for getting long again.
UPDATE: The EURUSD is on the slide over the last several trading days and is reaching a point where a bounce
should commence. If it does, we would look for either 1.1104, 1.1130 or 1.1157 to act as a ceiling for the bounce. We would look to short bounces anew to 1.1104 with stops honored on a daily close above 1.1160 and with a target of 1.0854.