10:06, 18 February
Today there is no available data on U.K. side while New York Fed manufacturing index will be released on U.S. side. We think that this data will affect markets determinately. We expected selling pressure on the pair below 1.3070. So, yesterday there was selling pressure.
We follow 1.3030 level as a resistance in short term. We may see down movements if the pair stays below this level.
Resistance levels: 1.3030 - 1.3070 - 1.3100
Support levels: 1.2990 – 1.2960 – 1.2940