#EURO Data #'s Pushes #USD Decline, Lifts #EURGBP Cross Rate

Spot DXY & DX Futures broke below the 100 mark basis point that signaled a bearish front directly affected by positive data from inflation #'s, CPI rose 1.8% year-on-year beating market expectations of 1.5%.

Thus proves to be a far better choice made anticipating if and when a corrective phase would rise after a price band consolidation of the DXY at the 103.55 levels. Remaining with these positions on course until such time a turn around on the way would be made and a trailing order would be taken while trailing price lower for the time being.

EURO rose back towards the 1.0770 which would initially meet some form of resistance ahead at the 1.0815/20 levels with secondary stops at the 1.0880 levels. Likewise provided a lift for the EURGBP Cross rate above @0.8600, giving prices some breathing room for the euro crosses.

Comparative Chart on EURGBP Cross on Cloud
https://www.tradingview.com/x/sxOw5AGo/