UK’s manufacturing sector activity dropped down due to the impact of Brexit and economic slowdown.
The support rests at 1.26090 with resistance at 1.26660 which both lines are below the weekly pivot point at 1.27140. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price has reached the lower Bollinger band therefore there might be time for price growth towards 1.27200.
