Euro to continue trading within channel until EU summit. Pressure on pound likely to ease. Forex forecast for April 22

Signals for the EUR/USD pair:

The breakout of 1.0860 will lead to the euro's upward movement towards the area of 1.0894 and 1.0937.

The breakout of 1.0840 will lead to the euro's downward movement towards the area of 1.0814 and 1.0770.

Signals for the GBP/USD pair:

If the price breaks through the level of 1.2302, the pound is likely to gain ground to the area of 1.2358 and 1.2417.

If the price breaks through the level of 1.2260, the pound is likely to sank to the area of 1.2230 and 1.2173.

Fundamental data:

UK Consumer Price Index

Eurozone Consumer Confidence Indicator

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