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FxWirePro: EURUSD pares gains after resignation of UK Brexit Minister Raab, good to sell on rallies

EURUSD has pared all gains made during Asian session after UK Brexit minister Raab resigned. The Pound sterling plunged sharply more than 200 pips  German bund 10 year declined more than 10% after the Brexit news. US CPI data came better than expected and rose most in 9 months. The inflation YOY came at 2.5% up from 2.3% annual gain in Sep.

The Italian budget issues and slight weakness in German GDP is also putting pressure on Euro.It is currently trading around 1.12925 0.13% lower

 

Markets eye US retail sales data which is to be released today for further direction.

 

On the lower side, near term support is around 1.1200 and any break below targets 1.11500/1.1100 level.

 

The near term resistance is around 1.13520 (7-day MA) and any break above targets 1.13920 (20- day MA)/1.1435. The pair should break above 1.1500 for minor bullishness.

 

It is good to sell on rallies around 1.1300 with SL around 1.13520 for the TP of 1.1200.

 

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December 17 07:00 UTC Released

TRIndustrial Prod Adj YY

Actual

-5.7 %

Forecast

-4 %

Previous

-2.7 %

December 17 07:00 UTC Released

NOTrade Balance

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26.2 0

Forecast

Previous

34.9 0

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 473050473050m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 473050473050m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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