While the US dollar is getting weak, UK’s retail price index, consumer price index and the producer price index input will be released in a few hours.
The support rests at 1.32050 with resistance at 1.33010 which both lines are above the weekly pivot point at 1.30780. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.33300.