Since the beginning of today's trading session the dollar index returned above the level of 96.00 and shows a moderate growth, rising to the maximum values of the current month.
In the UK today we do not expect a release of any macroeconomic data. The growth of the British pound over the past couple of days was facilitated by investors' optimism that there would be no hard Brexit and bullish sentiments returned for the pair.
At the moment, the pair was able to overcome the 1.30 mark, gain a foothold above and found the resistance level at the 1.3080 mark. The pair continues to be in the upper Bollinger band and currently the price is being adjusted.
We believe that the upward movement will continue after the completion of the correction, which we expect may reach the levels of 1.3010 and 1.2975.
Therefore, we advise you to look for points to enter long positions for the pair from the above levels.
