$EURUSD was lower due to profit taking overnight as it consolidates some of the rally off November's low.
Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, September's high crossing at 131.88 is the next upside target. Closes below the 20-day moving average crossing at 128.98 would confirm that a short-term top has been posted.
First resistance is Wednesday's high crossing at 131.42.
Second resistance is September's high crossing at 131.88.
First support is the 10-day moving average crossing at 130.23.
Second support is the 20-day moving average crossing at 128.98.
