Stochastics and the RSI are diverging but turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off November's low, September's high crossing at 1.6281 is the next upside target. Closes below the 20-day moving average crossing at 1.6020 are needed to confirm that a short-term top has been posted.
First resistance is Wednesday's high crossing at 1.6202.
Second resistance is September's high crossing at 1.6281.
First support is the 20-day moving average crossing at 1.6020.
Second support is the reaction low crossing at 1.5903.
