Mortgage approvals yesterday were above expectations in the UK: 30.5K against 28.6K.
Today, at 14:00 (GMT +3) investors are waiting for CBI retail sales volume balance for September from the UK. The indicator should reach unrevised 6 against -3 in August.
Encouraging data is due from the USA as well. At 18:00 (GMT +3) new home sales for August are released: forecast 381K against 372K in July.
Technically, the price should fix above resistance trend line on daily chart (higher 1.6245) to demonstrate a stable growth. Locally, after 1.6214 is breached, the acceleration is possible to 1.6242, 1.6254 and higher to 1.6278. Support levels are 1.6182, 1.6164.
