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 50% retracement level of this year's decline crossing at 1.2777 is the next upside target. Closes below the 20-day moving average crossing at 1.2436 would confirm an end to the rally off July's low.
First resistance is last Friday's high crossing at 1.2640.
Second resistance is the 50% retracement level of this year's decline crossing at 1.2777.
First support is the 10-day moving average crossing at 1.2535.
Second support is the 20-day moving average crossing at 1.2436.
