The dollar still hovers in the pressured area compared to other major pairs, seeing that the stocks remains affected regarding the Fed's resolution. Traders are taking some precautionary movements for every execution because of the impact that the U.S Presidential debate might bring.
The pair experienced a downward pressured on Monday because the pound and dollar throw over their acquired profits on Friday. Moreover, the pair also indicated a steep decline against the level of support lied at 1.2900.
The 50, 100 and 200 EMAs sustained a bearish outlook. The resistance is found in the 1.3000 level, support is present in the 1.2900 level.
MACD fail off but give out strength for the sellers. RSI is positioned in the negative condition.