Today we are anticipating positive data on trade balance from the UK (12:30 GMT +3). Visible trade balance is expected to be -9.0 mln pounds against -10.119 bn pounds in June. Trade balance non EU will reach unrevised -4.5 bn pounds in contrast to -5.175 bn pounds in June. Total trade balance should hit the reading of -3.2 bn pounds against -4.3 bn pound.
At 16:30 (GMT +3) the USA will disclose its trade balance. The indicator is forecasted to fix at -44.0 bn dollars compared to -42.9 bn dollars in June.
Technically, we expect the growth towards trend lines resistances on 4H chart at 1.6046 and fixation above them.