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Trump threatens China with tariffs. Euro and pound are under less pressure.

Signals for the EUR/USD pair:

If the pair breaks through at 1.0818, the euro is likely to increase to 1.0856 and 1.0895.

A breakthrough at 1.0772 can lead to a sell-off of the euro at 1.0728 and 1.0636.

Signals for the GBP/USD pair:

If the pair breaks through at the level of 1.2225, the British pound can rise to 1.2275 and 1.2323.

A breakthrough at 1.2170 can lead to a sell-off of the British pound at 1.2127 and 1.2030.

The following fundamental data is set for release during the day:

  • German GDP
  • Eurozone GDP
  • France Consumer Price Index
  • US retail sales
The material has been provided by InstaForex Company - www.instaforex.com