The euro has reached the 10th figure, but its further growth remains doubtful. The powerful correction in the US stock market has supported the buyers of risky assets. The pound is losing ground amid the UK government's comments on the timing of trade negotiations with the EU.
Signals for EUR/USD:
If the euro breaks through the level of 1.1002, it can advance to 1.1022 and 1.1046.
If the euro breaks through the level of 1.0968, traders may start selling off the pair in the area of 1.0937 and 1.0909.
Signals for GBP/USD:
If the pound sterling breaks through the level of 1.2895, the pair can go up to 1.2930 and 1.2970.
If the pound sterling breaks through the level of 1.2862, traders may start selling off the pair in the area of 1.2830 and 1.2799.
Fundamental data:
- Germany Consumer Price Index
- France Consumer Price Index
- Germany Unemployment Rate
- US Personal Spending
- US Personal Income
- Michigan Consumer Sentiment Index
