Currently: Short Looking to: Cover @ 1.0520
As of 6/19/20 close: 1.11733
LAST WEEK: We suggested shorting at 1.1320 with stops on a weekly close above 1.1320 and with a target of 1.0520.
UPDATE: The EURUSD cross worked lower last week after failing again to conquer weekly closing resistance at 1.1320. No changes to our analysis or projections this week.
We would look to sell longs / initiate shorts on a bounce to 1.12544 with stops on a weekly close above 1.1320 and with a target of 1.0520.