EURUSD may find support near the 2019 lows.

The EURUSD will post a hammer candle today near some key support. We had the 127% extension of the November lows to December highs at the 1.0908 level. The 88% retracement of the 2019 lows to December highs. Also, the head and shoulders pattern that formed in December and January completed today. RSI reached oversold. We would expect any bounce to find resistance from the 1.0980-1.1000 levels but bears should be a little careful here.