Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off July's low, the 38% retracement level of this year's decline crossing at 1.2607 is the next upside target. Closes below the 20-day moving average crossing at 1.2418 would confirm an end to the rally off July's low.
First resistance is last Thursday's high crossing at 1.2593.
Second resistance is the 38% retracement level of this year's decline crossing at 1.2607.
First support is the 10-day moving average crossing at 1.2487.
Second support is the 20-day moving average crossing at 1.2418.
