$EURUSD Forex Signal: Set to Retest YTD High if it Zooms Past 1.100
Set a sell-stop at 1.0910 and a take-profit at 1.0800.The GBP/USD pair rose slightly on Tuesday as the US dollar sell-off continued. It rose to a high of 1.0980, which was higher than this week’s low of 1.0915. The pair has dropped from the year-to-date high of 1.1075.The European Union is having a strong recovery in the past few months, helped by the services sector and the overall energy prices. As a result, most analysts expect that the bloc will expand by 3.5% in 2023 as exports rise.
Based on the flash estimate, analysts expect the data to show that the headline CPI dropped from 8.5% in February to 6.9% in March. The core CPI, on the other hand, is expected to come in at 5.7% from the previous 5.6%.
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