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10:06, 24 марта


Today manufacturing PMI figures will be released both Eurozone and U.S. side. We will see the effect of the virus on economic activities. Fed announces unlimited QE and sets up several new lending programs. But we did not see strong up movements on the pair. Because European side also give the money to the markets owing to easing coronavirus effect.  

1.0830 and 1.0950 is the key resistance levels for the pair, respectively. Any up movements can give a selling opportunities for the pair until the these levels are breaking.   

Resistance levels : 1.0830 - 1.0950 – 1.1050 
Support levels : 1.0725 – 1.0670 – 1.0630