10:22, 15 May
Today 1Q GDP data will be released both on Germany and Eurozone side. On the other hand retail sales and industrial production figures will be announced on the U.S. side. We follow main technical levels for trade opportunities.
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 : 1.0820 - 1.0850 – 1.0900
Support levels : 1.0780 – 1.0760 – 1.0730