10:02, 27 May
Today there is no major macro agenda both on Eurozone and U.S. side. European Central Bank's (ECB) President Christine Lagarde, during her scheduled speech at 07:30 GMT, is likely to shed more light on the central bank's response to the coronavirus outbreak and whether it stands ready to do more if required. We follow main technical levels such as 1.10 resistance level.
1.10 is the key resistance level for the pair. We still expect that any up movements can give a selling opportunities if the pair stays below this level.
Resistance levels : 1.0980 – 1.1000 – 1.1020
Support levels : 1.0940 – 1.0900 – 1.0880