Currently: Cash Looking to: Buy @ 1.0978
As of 11/29/19 as of 12:28pm EST: 1.1022
LAST WEEK: We suggested trying longs at 1.0978 with stops below 1.09 and with a target of 1.1093. We suggested shorting after that rally up at 1.1093 with a target of 1.0932.
UPDATE: The EURUSD didn’t quite make it down to our buy target of 1.0978 Friday (it bottomed at 1.0982) before
starting to run higher. We would consider that a successful test of 1.0978 and would be long here for a short-term trade.
We would buy now and look to exit longs and get short up at 1.1098 with stops on shorts on a close above 1.1111 and would look to cover down at 1.0932.