Parallel resistance seems at 1.5770 and previous resistance at 1.5830.
The RSI and the oscillator (RVI) are showing bearish signals on the daily and the charts.
Recent five trading sessions price movement indicating a top-in progress.
A daily close below 1.5630 could strengthen the bearish view, target 1.5500 initially.
Alternatively, a daily close above 1.5830 could open to 1.6000 and 1.6200
The RSI and the oscillator (RVI) are showing bearish signals on the daily and the charts.
Recent five trading sessions price movement indicating a top-in progress.
A daily close below 1.5630 could strengthen the bearish view, target 1.5500 initially.
Alternatively, a daily close above 1.5830 could open to 1.6000 and 1.6200