The economic reports in the UK came better than expected yesterday.
The pair is finding support at 1.37070 with resistance at 1.37730 which the weekly pivot point at 1.36490 is located below the lines. The EMA of 10 is moving with bullish bias in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges. The RSI is falling towards level 50 and the MACD is moving in positive territory. The ADX is showing buy signal.
Buyers can expect 1.37800 with pullbacks included.
