Stochastics and the RSI are bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1.5729 would confirm that a short-term top has been posted. If September extends the rally off June's low, the 75% retracement level of the April-June decline crossing at 1.6024 is the next upside target.
First resistance is last Thursday'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 20-day moving average crossing at 1.5729.
Second support is the reaction low crossing at 1.5635.
