EURUSD

10:21, 14 May

EURUSD

Today there is no available data both on Eurozone and U.S. side. Yesterday, The Fed won't use negative interest rates to counteract the coronavirus recession, chairman Jerome Powell says. After that speech the pair had declined from its main resistance level.  

We follow 1.09 as a main resistance level for the pair. We expect that any up movements can give a selling opportunities until the 1.09 is breaking.  Also 1.0780 is the key support level. We may see some recovering from this level.  

Resistance levels : 1.0840 – 1.0900 – 1.0930 
Support levels : 1.0780 – 1.0760 – 1.0730