UK’s CBI distributive trade survey’s retail sales grew.
The support rests at 1.29370 with resistance at 1.30090 which the weekly pivot point at 1.29540 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing weak sell signal.
The support line seems to be too strong to be broken however, the support level breakthrough will push the price down towards the lower Bollinger band at 1.28800.
