Yesterday data on the UK was better than expected. However, the investors decided to close buys and open sells “from Monday”. We suppose that the growth of the price will not be observed for several days; some technical corrections are only possible.
Net Lending to Individuals totaled for 1.5 billion pounds vs. forecast for 1.4 billion pounds; CBI Realized Sales in July grew up to 17 against forecast for 11.
Today there is no data on the UK; on the US at 18:00 UTC+4 Consumer Confidence is published. It is estimated to be 81.1 vs. 81.4 in June. However, in the current situation it does not matter what data is, the investors would prefer to sell.
Currently, the price is on the Kruzenshtern line on the daily chart. If the price breaks it, it will correspond to break of the testing line 1.5323 on the H4 with the first target 1.5282, coincidence of the Fibonacci level 50% on the daily chart with support of trend line. The second target is 1.5265, the third is 1.5221, the high of July 11.
