Public Sector Net Borrowing and High Street Lending data will be released in the UK and the US will publish House Price Index and Existing Home Sales.
The support rests at 1.30140 with resistance at 1.30950 which the weekly pivot point at 1.30270 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 of 100 and above the EMA of 200. The RSI is moving above 50 level, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The price has reached the top of the descendant channel and there is a chance of price decline towards 1.29400.

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