- Services PMI: Wednesday, 8:30. The Services PMI showed growth in March for the first time in 5 months, accelerating from 49.5 to 56.8. A reading above 50 indicates growth. The final reading is expected to confirm the initial release.
- RICS House Price Balance: Wednesday, 23:01. Housing prices have been steady, and the indicator is projected to show that 55% of surveyors showed an increase in prices. In the previous release, 52% indicated an increase in prices.
- Construction PMI: Thursday, 8:30. The PMI improved to 53.3 in March, up from 49.2 beforehand. The final reading should confirm the initial release.
Technical lines from top to bottom:
We start with resistance at 1.4166.
1.4083 is next.
1.3974 was under pressure in mid-March, when GDP started an extended slide.
1.3891 is protecting the 1.39 level.
1.3699 (mentioned last week) is the first line of support.
1.3582 is the final support level for now.