Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off July's low, the reaction high crossing at 1.2703 is the next upside target. Closes below the reaction low crossing at 1.2140 would confirm an end to the short covering rally off July's low.
First resistance is this month's high crossing at 1.2450.
Second resistance is the reaction high crossing at 1.2703.
First support is the reaction low crossing at 1.2140.
Second support is July's low crossing at 1.2051.
