After last weekend in the United Kingdom the pair is now headed up, breaking the 1.29 mark. At the moment it is above this level. Right now we do not expect the release of any macroeconomic indicators from the UK.
In the US today we are waiting for a release of the Consumer Confidence Index. Currently we are seeing a continued decline in the dollar index, which fell below the 95.00 mark and after yesterday's trading session is exposed to a downward impulse.
Technical indicators diverge in their predictions, but the price was able to rise above the MA120 and we are considering the option of forming an uptrend.
Therefore, taking into account the formed trends, we advise you to look for points to enter into long positions. The goals are the levels of 1.2930 and 1.2960.
Otherwise, if the price returns below the mark of 1.29, a correction for the pair is possible.
