EUR/USD – Mean reverts, bulls need 55-DMA to hold, currently at 1.1384; even if the gauge fails to support, the pair remains within a bullish trend since November, with support ~1.1320; Bloomberg Trender Indicator will revert to bearish on close below 1.1343
• 3rd resistance: 1.1586, 61.8% Fibonacci retracement of decline since Sept. 24
• 2nd resistance: 1.1490, Jan. 15 high
• 1st resistance: 1.1428, 21-DMA
• Spot: 1.1389
• 1st support: 1.1359, cloud bottom
• 2nd support: 1.1309, Jan. 3 low
• 3rd support: 1.1270, Dec. 14 low
• 3rd resistance: 1.1586, 61.8% Fibonacci retracement of decline since Sept. 24
• 2nd resistance: 1.1490, Jan. 15 high
• 1st resistance: 1.1428, 21-DMA
• Spot: 1.1389
• 1st support: 1.1359, cloud bottom
• 2nd support: 1.1309, Jan. 3 low
• 3rd support: 1.1270, Dec. 14 low