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The pair is finding support at 1.26880 with resistance at 1.28350 which the weekly pivot point at 1.27330 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
The resistance line seems too strong to be violated. Long positions are recommended towards 1.28300.

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