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Watching The Bearish Engulfing....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Watching The Bearish Engulfing Candle
*RES 4: 1.1621 High Oct 16, 2018
*RES 3: 1.1570 High Jan 10, 2019
*RES 2: 1.1540 High Jan 11, 2019
*RES 1: 1.1495 High Mar 9 and bull trigger
*PRICE: 1.1264 @ 09:37 GMT Mar 12
*SUP 1: 1.1251 Intraday low
*SUP 2: 1.1212 Low Mar 6
*SUP 3: 1.1095 Low Mar 3 and key near-term support
*SUP 4: 1.1109 20-day EMA
EURUSD rallied Monday to 1.1495 but has since retraced those gains. Recent
losses extended Wednesday and today with support as 1.1275 breached. raising the
likelihood of a move lower from here. Despite this, there remains some bullish
signals medium-term after 1.1239, Dec 31 high was cleared recently. Topside, the
focus is on 1.1570, Jan 1 high, 2019. A concern for bulls is Tuesday's candle
pattern, a bearish engulfing reversal. Further losses would open 1.1212.

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