During yesterday's trading session the dollar index gained over 35 points and is clearly not going to stop. Our pair began to turn, changing the medium-term trend.
The recently released index of business activity in the services sector in the UK showed worse results than expected, reaching 50.1 points.
The pair fell below the MA (21) and headed down. Now the moving average has become the level of support for the downward trend. The price is heading for the marks of 1.2960, 1.2930 and 1.2880.
We advise you to take short positions on the pair and consider the above levels as your goals.
