We are seeing a strong reaction in the Euro and Pound after data out of the Eurozone and the UK. While EUR/USD and GBP/USD enjoyed a week or so of reprieve, the reactions to today’s data could be reviving the prevailing downtrends. Let’s take a look at the key data points, which consist of UK inflation and German Investor Sentiment...The 4H EUR/USD chart shows a bullish correction from 1.25 to 1.2790 before retreating back to 1.26. Th EUR/USD started the week holding above 1.26 but the weak data today kept it from testing that 1.2790 high. Instead price is now threatening bearish continuation as it tests the ... (full story)