At the beginning of the European session the rate of euro/dollar has fallen to 1,1328, a course pound/dollar – to 1,4378. Euro and pound were weakened against the general strengthening of US dollar after a release of the German data on inflation, GDP of Germany and the Eurozone for the first quarter.
Traders were disturbed by a deflation. The April indicator of inflation has decreased. Preliminary GDP of Germany for the first quarter has grown, and in annual basis has decreased. Preliminary GDP of the eurozone for the first quarter was worse than expectations.
Euro is trading on 1,1350, pound/dollar – on 1,4408. The course Australian dollar/US dollar tries to update a week minimum. Participants of the market waiting for a release of the American reports on retails and consumer moods.
The rate of euro/dollar on the day period has punched the trend line. Now the road is open to a mark 1,1282. Sellers can reach it today or on Monday in the first half of day. It is desirable for sellers to keep level 1,1370. As soon as level 1,1282 is passed, it is possible to aim on 1,1145. It is fulfilled week Pin Bar.
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