FX.co ★ UK economic data is unlikely to save pound. Euro growth is limited.

Signals for the EUR/USD pair:

A breakthrough at the level of 1.0881 can lead to an increase in the euro in the area of 1.0923 and 1.0972.

A breakthrough at 1.0835 is likely lead to a sell-off of the euro in the area of 1.0787 and 1.0728

Signals for the GBP/USD pair:

If the pair breaks through at 1.2310, the British pound can grow in the area of 1.2370 and 1.2425.

A breakthrough at 1.2250 can lead to a sell-off of the British pound in the area of 1.2211 and 1.2169.

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

• UK GDP and industrial production data
• Euro area industrial production
• US Producer Price Index
• Fed's Chairman Jerome Powell will deliver a speech