$EURUSD

EURUSD closed lower on Friday as it extends Thursday's breakout below the 20-day moving average confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Monday. 

Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 132.62 is the next downside target. Closes below the 10-day moving average crossing at 135.17 would temper the near-term bearish outlook. If March renews this winter's rally, weekly resistance crossing at
138.31 is the next upside target. 

First resistance is the 10-day moving average crossing at 135.17. 

Second resistance is last Friday's high crossing at 137.15.

First support is today's low crossing at 133.56. 

Second support is the reaction low crossing at 132.62.