10:01, 06 May
Today there is no available data from U.K. side while ADP non-farm payrolls data will be released on U.S. side. We follow main technical levels for the pair’s direction.
Selling pressure continues on the pair. We follow 1.24 level as a main support. If the pair breaks this level, then the selling pressure would be accelerated.
Resistance levels: 1.2480 – 1.2530 – 1.2600
Support levels: 1.2430 – 1.2400 – 1.2390