Near Term Trend: Bullish at resistance
Fridays close: 1.17720 (- .00097)
UPDATE: Last week, I suggested selling longs and trying to get short at 1.18366 with a downside target of 1.15204. I added that new longs could be attempted at 1.13247.
The EURUSD cross made it up to and briefly through the 1.18366 resistance level this week. But, it has started to back off and it closed back below resistance.
Get and stay short of the EURUSD cross immediately with a downside target of 1.15204 and with stops on a monthly close above 1.18366. New longs can be attempted down at 1.13247.