Resistance: 1.2977 moderate/1.3027 minor/1.3103 minor
Support: 1.2901 strong/1.2851 moderate/1.2775 minor
We have a bullish bias in EURUSD Hourly charts with prices just under a moderate resistance level. Candlesticks show a high level bearish reversal pattern Three Outside Down. Consider shorts at market for 1.2901 break of which should see us easing off to 1.2851. Stops should be placed above 1.2977 or the patterns high.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices