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The pair is finding support at 1.31510 with resistance at 1.31850 which the weekly pivot point at 1.31850 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will smooth the way for further decline towards 1.3106; otherwise long positions are recommended towards 1.32450.