Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.2911 are needed to confirm that a short-term top has been posted. If March renews the rally off November's low, September's high crossing at 1.3188 is the next upside target.
First resistance is last Wednesday's high crossing at 1.3142.
Second resistance is September's high crossing at 1.3188.
First support is the 20-day moving average crossing at 1.2911.
Second support is the reaction low crossing at 1.2760.
