The UK CBI retail sales volume balance will be released in a few hours.
The support rests at 1.30440 with resistance at 1.31190 which both lines are below the weekly pivot point at 1.31390. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling below level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
As long as the bullish pressure remains, buyers can target 1.32000.
