The March Dollar was lower overnight as it consolidates some of Monday's rally. Stochastics and the RSI have turned bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 86.50 are needed to confirm that the rally off December's low has come to an end. If March renews last week's rally, November's high crossing at 89.74 is the next upside target. First resistance is last Wednesday's high crossing at 88.57. Second resistance is the reaction high crossing at 88.71. First support is the 20-day moving average crossing at 86.50. Second support is Monday's low crossing at 85.81.The March Euro was higher overnight due to short covering as it consolidated some of Monday's decline. Stochastics and the RSI have turned bullish signaling that a short-term low might be in or is near. Closes above Monday's high crossing at 129.890 are needed to confirm that a short-term low has been posted. If March renews the decline off December's high, November's low crossing at 123.630 is the next downside target. First resistance is the 20-day moving average crossing at 128.515. Second resistance is Monday's high crossing at 129.890. First support is last Wednesday's low crossing at 125.080. Second support is November's low crossing at 123.630.The March British Pound was higher overnight as it extends Monday's rally above the 20-day moving average crossing at 1.4412. Stochastics and the RSI are turning bullish signaling that a short-term low might be in or is near. Closes above the reaction high crossing at 1.4604 are needed to confirm that a short-term low has been posted. If March renews this month's decline, the reaction low crossing at 1.4044 is the next downside target. First resistance is the reaction high crossing at 1.4604. Second resistance is Monday's high crossing at 1.4660. First support is last Wednesday's low crossing at 1.4090. Second support is the reaction low crossing at 1.4044.