This week, the pair remains under pressure due to weak statistics from the UK and a series of favorable news from Australia. Yesterday morning, data on Claimant Count Change showed a growth by 6.7K while analysts expected the indicator to be down by 10K.
Today attention needs to be paid to data on Retail Sales, due in the UK, and speech given by Mark Carney, Governor of the Bank of England.
Support and resistance
On the , is declining. The pair is trading down in the lower part of the price range. histogram is in the negative zone, and its volumes are falling. is near the 20 mark.
According to the indicators, short positions are more preferable.
Support levels: 1.8265, 1.8094, 1.7841, 1.7737, 1.7175.
Resistance levels: 1.8494, 1.8622, 1.8769, 1.8889, 1.8950, 1.9072, 1.9239, 1.9513, 1.9663.
Long positions can be opened from the level of 1.8622 with the target at 1.8950 and stop-loss at 1.8494. Validity – 3-5 days.
Short positions can be opened from the level of 1.8265 with the target at 1.8094 and stop-loss at 1.8494. Validity – 3-5 days.