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Euro “EC” (Mar)
Coverage for February 13
Monday's open gapped down sharply to under Friday's lows. The balance of the session ranged sideways, so there is just as much potential for filling the open's gap Tuesday as there was Monday. And since Monday ignored this potential, Tuesday is likely also to ignore it, and continue falling.
Resistance: 1.3020 and 1.3060Support: 1.2970 and 1.2950
British Pound “BP” (Mar)
Coverage for February 13
Monday's open gapped down sharply to test Friday's lows. The balance of the session ranged sideways around Friday's lows, so there is just as much potential for filling the open's gap Tuesday as there was Monday. Maybe a little more so, but since Monday ignored this potential, Tuesday isn't likely to continue higher above Friday's close.
Resistance: 1.9500 and 1.9555Support: 1.9450 and 1.9340
Swiss Franc “SF” (Mar)
Coverage for February 13
Monday's open gapped down sharply to under Friday's lows. The balance of the session ranged sideways, so there is just as much potential for filling the open's gap Tuesday as there was Monday. And since Monday ignored this potential, Tuesday is likely also to ignore it, and continue falling.
Resistance: .8015 and .8050Support: .8000 and .7980
Japanese Yen “JY” (Mar)
Coverage for February 13
Monday's open gapped down under prior lows to reach a new low. An immediate bounce filled the open's gap, but the balance of the session consolidated back at prior lows. A session-long capitulation is growing more likely.
Resistance: .8280 and .8305Support: .8235 and .8200
Australian Dollar “AD” (Mar)
Coverage for February 13
Friday's close was halfway back to last month's lows, natural support, so there was no active signal at this stage of the pattern. Monday's open gapped down sharply to attack prior lows, which could still resolve in a bounce, but now only a temporary bounce prior to resuming the decline to lower lows.
Resistance: .7725 and .7755Support: .7690 and .7675
Canadian Dollar “CD” (Mar)
Coverage for February 13.Friday's gain was retraced Monday morning, but not so far as to suggest Friday's recovery would be derailed. Higher highs remain likely, and any early strength Tuesday would be credible for at least retesting Friday's high.
Resistance: .8525 and .8585Support: .8505 and .8475
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