Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above June's high crossing at 1.5773 are needed to confirm an upside breakout of this summer's trading range thereby opening the door for a larger-degree rally near-term.
If September renews the decline off July's high, the reaction low crossing at 1.5488 is the next downside target.
First resistance is June's high crossing at 1.5773.
Second resistance is the 62% retracement level of the April-June decline crossing at 1.5891.
First support is the reaction low crossing at 1.5488.
Second support is July's low crossing at 1.5390.
