10:19, 08 May
Today there is no available data on Eurozone side. All eyes will be on U.S.’ labor data. Especially non-farm payrolls and unemployment rate will be important for the markets. There will be weakness on labor market’s data due to coronavirus.
We had expected that selling pressure on the pair until 1.0770 support level. The pair tested this level yesterday. After that the pair recovered. Now we think that 1.0880/1.09 area can give a selling opportunities.
Resistance levels : 1.0890 – 1.0900 – 1.0930
Support levels : 1.0815 – 1.0770 – 1.0730