Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If September extends this week's rally the 75% retracement level of the April-June decline crossing at 1.6024 is the next upside target. Closes below the 20-day moving average crossing at 1.5685 would confirm that a short-term top has been posted.
First resistance is today's high crossing at 1.5912.
Second resistance is the 75% retracement level of the April-June decline crossing at 1.6024.
First support is the 10-day moving average crossing at 1.5737.
Second support is the 20-day moving average crossing at 1.5685.
