The US dollar slides today in US session after mixed U.S data .First U.S Building Permits (Mar) declined to 1.039M b below expectations 1.080M , U.S Initial Jobless Claims jumped to 294K and added more barriers on the US dollar .
90 minutes later , U.S Philadelphia Fed Manufacturing Index (Apr) jumped to 7.5 above expectations 6.0 , the USD has risen a little bit ………….
The EURUSD jumped to main resistance 1.0762 . At the moment it’s hovering within 1.0706/1.0762 levels . GBPUSD exposed the key resistance 1.4885 and reached 1. 1.4939 levels .USDJPY declined to 118.77 levels , at the moment it’s hovering around 119.20 levels…..
Conclusion : The USD remains in a corrective pullback mode in short term view ,EURUSD trades inside the overbought zone 1.0706/1.0762 , GBPUSD also trades within critical range 1.4885/1.5000 ,Sellers may come and dominate both pairs……
We have critical data tomorrow , from EuroZone Consumer Price Index, UK will release data on Claimant Count Change for Mar.
The high importance data will be released from United States , The Core Consumer Price Index, anyway today’s closure is critical for GBPUSD ….