While UK is moving in strong manners, the new reports on Corona cases is showing sharp growth.
The support rests at 1.30200 with resistance at 1.30770 which both lines are above the weekly pivot point at 1.29820. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The support level breakthrough will smooth the way for further decline towards 1.29800, otherwise long positions are recommended towards 1.31600.