FX Talk

From the FXWW Chatroom – The USD is stronger against everything. After consolidating the move for several sessions, the EUR has finally managed to break the 1.0674 former low and now the next levels to watch are 1.0520 and the ytd lows of 1.0460.  The EUR is a sell on rallies and below 1.0880 the downtrend is intact.  We got US CPI later on this afternoon and IP + Capacity Utilization and thats very important data to watch in my opinion as the employment factor we got it already in track. I think that if the numbers dissapoint it will be used as better entry levels (Im looking for 1.0760-80 there) … Good luck 
Watch out also for the  UK CPI as the pound is one of the few G10 currencies which is holding a bit the USD move this year 

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