EU retraced all of its weekly gains after it faced tough resistance at 1.0640 and higher than expected inflation numbers out of the US. Support is at 1.0448 at the previous week's low and a break will lead the price at the next significant levels of 1.0400 and 1.0290. Have a great weekend!
Weekly volatility (range) - 117 pips
Significant news - US Retail Sales MoM, US Industrial Production MoM, US Housing Starts Number & US Initial Jobless Claims.
Weekly volatility (range) - 117 pips
Significant news - US Retail Sales MoM, US Industrial Production MoM, US Housing Starts Number & US Initial Jobless Claims.
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