China’s economy grew 7.5 percent in the second quarter against expectations of 7.7 percent, while industrial production for June rose 8.9 percent from year-low levels. Gold extended gains on Monday after posting its biggest weekly percentage increase in nearly two years, as fears eased that the U.S Federal Reserve would wind down its stimulus programmed early. U.S Core retail sales and business inventories are the major news for today.
Trade Idea
EURUSD
4h break below 1.3035 level could lead price to 1.2985 . Alternative a break above 1.31 targets 1.3145.
EUR/USD H4" width="800" height="600">
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