10:20, 22 May
Today there is no major macro agenda both on Eurozone and U.S. side. Yesterday the pair has tested above 1.10 level, after that the pair fell harshly. Our main strategy still is any up movements can give a selling opportunities.
We revise our resistance level to 1.10 from 1.0990. We think that there will be a selling pressure if the pair stays below this level. However we follow 1.09 as a main support level in short term.
Resistance levels : 1.0960 - 1.1000 – 1.1020
Support levels : 1.0920 – 1.0900 – 1.0850