Stochastics and the RSI are turning neutral signaling that sideways to lower prices are possible near-term. If March renews this month's decline, November's low crossing at 1.5873 is the next downside target. Closes above the 20-day moving average crossing at 1.6142 are needed to confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 1.6142.
Second resistance is January's high crossing at 1.6314.
First support is the reaction low crossing at 1.5945.
Second support is November's low crossing at 1.5873.
