Currently: Short Looking to: Cover @ 1.19054
As of 2/19/21 close: 1.21142
LAST WEEK: We suggested shorting EURUSD at last weeks levels near 1.21221 with stops on a close above 1.21292 and with a target for covering at 1.9054. We suggested new longs at 1.1854.
UPDATE: EURUSD dipped sharply and then rebounded just as sharply for a net neutral result for the week.
No change to our recommendations from last week except stops should be honored on a close above 1.213.