Asian indices trading higher while eur/usd remains steady currently trading at 1.3614. Thursday’s major data showed consumer prices rose the most in six months, in line with expectations but the Philadelphia Fed’s index of business conditions in the U.S fell to its lowest level since April. U.K retail sales, US Building permits and consumer sentiment are the major news for today.
Trade Idea
EURGBP
Pair remains in downtrend but price currently near crucial resistance at 0.8335, a 4H break and close above that level could lead price to 0.8395. Alternative a break below 0.8320 targets 0.8285.
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