There have been no economic reports in the UK and this has weakened GBP.
The support rests at 1.34520 with resistance at 1.35160 which both lines are below the weekly pivot point at 1.35550. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and MACD line is below the signal line in the negative territory. The ADX is showing sell signals.
Short positions are recommended towards the 61.8 level of Fibonacci at 1.342.

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