The EUR/USD continued its ascent today, currently sitting at 1.1060. We closed our trade after the EU GDP data, which came in as expected, but the pair was already at new highs at 1.1050 and temporary reaction after the news was bearish. This prompted us to play it safe, especially since the pair's strength is still a bit of a mystery in our view.

Similarly the GBP/USD was strong, but after good CPI data the pair was met with some selling. Technicals are not yet given a SHORT signal, but we will be looking for one in the coming days and based on price action proceed with a trade.

Currently awaiting US building permits to see what kind of influence this data might have on price action in both pairs.
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