$EURUSD was lower overnight as it consolidated some of Thursday's rally. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off July's low, the 50% retracement level of this year's decline crossing at 1.3252 is the next upside target. Closes below Monday's low crossing at 1.2813 would open the door for a larger-degree decline during October.
First resistance is the 50% retracement level of this year's decline crossing at 1.3252.
Second resistance is the 62% retracement level of this year's decline crossing at 1.3532.
First support is Monday's low crossing at 1.2813.
Second support is the reaction low crossing at 1.2768.
