Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off November's low, weekly resistance crossing at 1.6353 is the next upside target. Closes below the 20-day moving average crossing at 1.6103 are needed to confirm that a short-term top has been posted.
First resistance is Wednesday's high crossing at 1.6267.
Second resistance is weekly resistance crossing at 1.6353.
First support is the 10-day moving average crossing at 1.6161.
Second support is the 20-day moving average crossing at 1.6103.
