The UK’s Rightmove house price index declined.
The support rests at 1.20950 with resistance at 1.21820 which the weekly pivot point at 1.21140 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is falling towards 50 level and the Stochastic is showing downward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Despite the bearish pressure, the support line seems to be too strong to be broken. Buyers can target 1.22000.