Stochastics and the RSI are diverging but turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, the 87% retracement level of 2012's rally crossing at 1.5478 is the next downside target. Closes above the 20-day moving average crossing at 1.5767 are needed to confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 1.5767.
Second resistance is the reaction high crossing at 1.5874.
First support is today's low crossing at 1.5520.
Second support is the 87% retracement level of 2012's rally crossing at 1.5478.
