09:29, 20 марта
Bank of England cuts interest rates to all-time low of 0.1%, yesterday in emergency meeting. After that the pair had declined around of 1.14 level. We still think that selling pressure will be continues for the pair.
1.1440 is the main support level for the pair. On the other hand 1.18 is the key resistance level. In our strategy, any up movements can give a selling opportunities until the 1.18 is breaking.
Resistance levels: 1.1685 – 1.1770 – 1.1800
Support levels: 1.1590 – 1.1530 – 1.1440