The United Kingdom has publicized the manufacturing PMI for February which is 50,8 while the report was 52.3. The Mortgage Approvals surpassed the reports as it gained 74,587 contrary to the 71,335 recent report which is a quite positive statistics from the UK. In the meanwhile, the Consumer Credit for January reached 1.564 billion contrary to the expected 1,300 billion.
The first support occurs at 1.3920 and at 1.3840 subsequently. The first resistance resides at 1.4000 and at 1.4080 subsequently.
A confirmed and a sturdy sell signal may be found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen display a horizontal movement. The descending movement will remain until the price is below the Cloud.
The MACD indicator is in a negative location. The price is retrieving.
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