Here are the key factors to keep in mind today for Euro trades:

• German Wholesale Price Index: The German Wholesale Price Index for November increased by 0.1% monthly and by 0.8% annualized. Forex traders can compare this to the German Wholesale Price Index for October which increased by 0.4% monthly and by 0.5% annualized.
• German CPI: The Final German CPI for November increased by 0.1% monthly and by 0.8% annualized. Economists predicted an increase of 0.1% monthly and of 0.8% annualized. Forex traders can compare this to the previous German CPI for November which increased by 0.1% monthly and by 0.8% annualized.
• Eurozone Employment: Eurozone Employment for the third-quarter increased by 0.2% quarterly and by 1.2% annualized. Forex traders can compare this to Eurozone Employment for the second-quarter which increased by 0.4% quarterly and by 1.3% annualized.
• German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation for December was reported at 63.5 and the German ZEW Survey Economic Sentiment at 13.8. Economists predicted a figure of 59.0 and 14.0. Forex traders can compare this to the German ZEW Survey Current Situation for November which was reported at 58.8 and the German ZEW Survey Economic Sentiment which was reported at 13.8. The Eurozone ZEW Survey Economic Sentiment for December was reported at 18.1. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment for November which was reported at 15.8.

Here are the key factors to keep in mind today for British Pound trades:

• UK CPI: The UK CPI for November increased by 0.2% monthly and by 1.2% annualized. Economists predicted an increase of 0.2% monthly and of 1.1% annualized. Forex traders can compare this to the UK CPI for October which increased by 0.1% monthly and by 0.9% annualized. The Core CPI for November increased by 1.4% annualized. Economists predicted and increase of 1.3% annualized. Forex traders can compare this to Core CPI for October which increased by 1.2% annualized.
• UK PPI: The UK PPI Input for November decreased by 1.1% monthly and increased by 12.9% annualized. Economists predicted a decrease of 0.5% monthly and an increase of 13.5% annualized. Forex traders can compare this to the UK PPI Input for October which increased by 4.5% monthly and by 12.4% annualized. The UK PPI Output for November was reported flat at 0.0% monthly and increased by 2.3% annualized. Economists predicted an increase of 0.2% monthly and of 2.5% annualized. Forex traders can compare this to the UK PPI Output for October which increased by 0.7% monthly and by 2.1% annualized. The UK PPI Core Output for November was reported flat at 0.0% monthly and increased by 2.2% annualized. Economists predicted an increase of 0.2% monthly and of 2.3% annualized. Forex traders can compare this to the UK PPI Core Output for October which increased by 0.5% monthly and by 2.0% annualized.
• UK RPI: The UK RPI for November increased by 0.3% monthly and by 2.2% annualized. Economists predicted an increase of 0.2% monthly and of 2.1% annualized. Forex traders can compare this to the UK RPI for October which was reported flat at 0.0% monthly and which increased by 2.0% annualized. The UK RPI Excluding Mortgage Interest Payments for November increased by 2.5% annualized. Economists predicted an increase of 2.3% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for October which increased by 2.2% annualized.
• UK House Price Index: The UK House Price Index for October increased by 6.9% annualized. Economists predicted an increase of 7.3% annualized. Forex traders can compare this to the UK House Price Index for September which increased by 7.0% annualized.

Should price action for the EURGBP remain inside the or breakout above the 0.8330 to 0.8360 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8345
• Take Profit Zone: 0.9050 – 0.9100
• Stop Loss Level: 0.8200

Should price action for the EURGBP breakdown below 0.8330 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8310
• Take Profit Zone: 0.7950 – 0.8000
• Stop Loss Level: 0.8360

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