Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1.5970 would confirm that a short-term top has been posted. If March extends the rally off November's low, November's high crossing at 1.6140 is the next upside target.
First resistance is Tuesday's high crossing at 1.6126.
Second resistance is November's high crossing at 1.6140.
First support is the 10-day moving average crossing at 1.6046.
Second support is the 20-day moving average crossing at 1.5970.
