10:14, 20 May
Today inflation figures will be released from Eurozone side. But we do not expect any major movements due to this data. Because all central banks consider economic growth and employment firstly.
We follow 1.09 as a main support level for the pair. We expect that any wn movements can give a buying opportunities until the 1.09 is breaking. Also 1.0990 is the key resistance level. We may see some declining from this level as yesterday.
Resistance levels : 1.0970 – 1.0990 – 1.1030
Support levels : 1.0920 – 1.0900 – 1.0850