Signals for the EUR/USD pair:
If the pair breaks through at 1.0835, the euro is likely to increase to 1.0881 and 1.0923.
A breakthrough at 1.0787 can lead to a sell-off of the euro at 1.0728 and 1.0636.
Signals for the GBP/USD pair:
If the pair breaks through at the level of 1.2271, the British pound can rise to 1.2323 and 1.2370.
A breakthrough at 1.2203 can lead to a sell-off of the British pound at 1.2127 and 1.2030.
The following fundamental data is set for release during the day:
- Consumer price index
- ECB's economic bulletin
- US initial applications for unemployment benefits
- Andrew Bailey, Governor of the Bank of England, will deliver a speech.
