10:16, 12 May
Today there is no available data from Eurozone side while CPI figures will be released from U.S. side. In normally, this CPI figures will be important for the pair but we do not expect any major movements at this time. Because all the major central banks gave a 0 or negative rates.
The pair had recovered from our main support level which is 1.0770. We do not expect any strong selling pressure until the 1.0770 is breaking. However 1.0880 is the key resistance level for the pair. Any up movements can give a selling opportunities.
Resistance levels : 1.0880 – 1.0900 – 1.0930
Support levels : 1.0815 – 1.0770 – 1.0730