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

• Eurozone CPI and Eurozone Core CPI : The Eurozone CPI for September increased by 0.4% monthly. Economists predicted an increase of 0.4% monthly. Forex traders can compare this to the Eurozone CPI for August which increased by 0.3% monthly. The Final Eurozone CPI for September increased by 1.5% annualized and the Eurozone Core CPI increased by 1.3% annualized. Economists predicted an increase of 1.5% annualized and of 1.1% annualized. Forex traders can compare this to the previous Eurozone CPI for September which increased by 1.5% annualized and to the Eurozone Core CPI which increased by 1.1% annualized.
• German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation for October was reported at 87.0 and the German ZEW Survey Economic Sentiment at 17.6. Economists predicted a figure of 88.5 and of 20.0. Forex traders can compare this to the German ZEW Survey Current Situation for September which was reported at 87.9 and to the German ZEW Survey Economic Sentiment which was reported at 17.0. The Eurozone ZEW Survey Economic Sentiment for October was reported at 26.7. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment for September which was reported at 17.0.

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

• UK CPI: The UK CPI for September increased by 0.3% monthly and by 3.0% annualized. Economists predicted an increase of 0.3% monthly and of 3.0% annualized. Forex traders can compare this to the UK CPI for August which increased by 0.6% monthly and by 2.9% annualized. The Core CPI for September increased by 2.7% annualized. Economists predicted and increase of 2.7% annualized. Forex traders can compare this to Core CPI for August which increased by 2.7% annualized.
• UK PPI: The UK PPI Input for September increased by 0.4% monthly and by 8.4% annualized. Economists predicted an increase of 1.2% monthly and of 8.2% annualized. Forex traders can compare this to the UK PPI Input for August which increased by 2.3% monthly and by 8.4% annualized. The UK PPI Output for September increased by 0.2% monthly by 3.3% annualized. Economists predicted an increase of 0.2% monthly and of 3.3% annualized. Forex traders can compare this to the UK PPI Output for August which increased by 0.4% monthly and by 3.4% annualized. The UK PPI Core Output for September was reported flat at 0.0% monthly and increased by 2.5% annualized. Economists predicted an increase of 0.1% monthly and of 2.6% annualized. Forex traders can compare this to the UK PPI Core Output for August which increased by 0.2% monthly and by 2.5% annualized.
• UK RPI: The UK RPI for September increased by 0.1% monthly and by 3.9% annualized. Economists predicted an increase of 0.3% monthly and of 4.0% annualized. Forex traders can compare this to the UK RPI for August which increased 0.7% monthly and by 3.9% annualized. The UK RPI Excluding Mortgage Interest Payments for September increased by 4.1% annualized. Economists predicted an increase of 4.2% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for August which increased by 4.1% annualized.
• UK House Price Index: The UK House Price Index for August increased by 5.0% annualized. Economists predicted an increase of 5.4% annualized. Forex traders can compare this to the UK House Price Index for July which increased by 5.1% annualized.

Should price action for the EURGBP remain inside the or breakout above the 0.8880 to 0.8920 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8900
• Take Profit Zone: 0.9220 – 0.9270
• Stop Loss Level: 0.8800

Should price action for the EURGBP breakdown below 0.8880 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8850
• Take Profit Zone: 0.8745– 0.8775
• Stop Loss Level: 0.8900

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.