EURUSD The euro is continuing to look bearish this morning, with last weeks candle closing below the opening level from the week before, thereby creating a bearish engulfing pattern. Also, today’s candle opened below Friday’s closing price and below 1.31 which is a bearish signal. The gap has already been pretty much filled over night and there appears to be strong resistance around 1.31 now, which again is a very bearish signal. The next major support level for the pair should come around 1.3075, from the 50 and 200-day SMAs. Below here, the pair should find further support around 1.3032, from the 61.8 fib level. If ... (full story)