Resistance: 1.2977 moderate/1.3027 minor/1.3103 minor
Support: 1.2901 strong/1.2851 moderate/1.2775 minor
Market appears to have a bullish bias in EURUSD Hourly charts. We also have a Bearish Engulfing and is well resisted by 1.2977. With a medium level bearish reversal pattern consider shorts from just under 1.2977 the immediate target a strong support, 1.2901, the Pivot Point break of which opens 1.2851 for a full trend reversal. Stop losses should be placed above 1.2977.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices