$EURUSD

EURUSD closed sharply higher on Thursday and above the 20-day moving average crossing at 1.3172 confirming that a short-term top has been posted. The high-range close sets the stage for a steady to higher opening on Friday.

Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If March extends today's rally, December's high crossing at 1.3321 is the next upside target. Closes below today's low crossing at 1.3046 would confirm that a short-term top has been posted. 

First resistance is the reaction high crossing at 1.3289. 

Second resistance is December's high crossing at 1.3321. 

First support is today's low crossing at 1.3046. 

Second support is last Friday's low crossing at 1.3005.