$EURUSD

$EURUSD closed higher on Monday as it consolidated some of the decline off last Wednesday's high but remains below the 10-day moving average. The high-range close sets the stage for a steady to higher opening on Tuesday.

Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.2913 would confirm that a short-term top has been posted. If March renews the rally

off November's low, September's high crossing at 1.3188 is the next upside target. 

First resistance is October's high crossing at 1.3155. 

Second resistance is September's high crossing at 1.3188. 

First support is the 20-day moving average crossing at 1.2913. 

Second support is the reaction low crossing at 1.2760.