10:01, 27 May
Today there is no major macro agenda both on U.K. and U.S. side. The pair had jumped both on Monday and Tuesday. We may see some down movements.
1.23 is the key support level for the pair. If the pair breaks this level, then the selling pressure would be accelerated.
Resistance levels: 1.2330 – 1.2360 – 1.2420
Support levels: 1.2300 – 1.2270 – 1.2240