10:20, 22 May
U.K.’ retail sales figures came in below the market consensus. Today there is no major macro agenda for the pair. We think that the pair is under selling pressure.
1.2250 is the main resistance level for the pair. We still think that any up movements can give a selling opportunities if the pair stays below this level.
Resistance levels: 1.2220 – 1.2250 – 1.2300
Support levels: 1.2180 – 1.2150 – 1.2130