EURUSD

10:01, 06 May

EURUSD

Today services PMI (revision) data will be released on Eurozone side. We do not expect any movements due to these data. On the other hand US’ ADP non-farm payrolls data will be followed by the markets. We will see that coronavirus affect.  

Down tendency continues on the pair. We still expect that down movements will be continued if the pair stays below the 1.09 level. However 1.08 is the main support level for the pair.  

Resistance levels : 1.0880 – 1.0900 – 1.0920 
Support levels : 1.0800 – 1.0770 – 1.0730