Currently: Cash Looking to: Short @ 1.21896
As of 2/26/21 close: 1.20699
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 broke through projected resistance and spiked up to the next possible ceiling Thursday before turning lower sharply. Right now, it looks like theres a band of resistance between 1.21896 and 1.22229 that should hold up. If it does, we project a move down to 1.1640 to play out. We would short bounces to 1.21896 with stops on a close above 1.22229 and with a covering target of 1.16200.