Currently: Cash Looking to: Short @ 1.21750
As of 1/17/21 @ 8:15pm EST: 1.20747
LAST WEEK: We suggested covering at last weeks levels and getting long at 1.21851 with stops on a close below that level and with a target of 1.24510.
UPDATE: EURUSD hit our downside target and just continued lower through that level. It now looks to us like the cross can make it down to at least 1.2003 (in the most bullish scenario) or even lower (in the more bearish scenarios). We would short bounces to 1.21497 with stops on shorts on a close above 1.21750 and with a target for covering and getting long at 1.2003. Next upside target will be 1.2320 (for selling long positions).