EUR/USD buy stops tripped

Up through 1.2970, to fresh highs of 1.2979, but there’s more resistance ahead at Fridays 1.2991 high and ahead of 1.3000.

Data of note this afternoon starts at

1230GMT – US Empire state Survey for October( expected -4.8 after -10.4 in September )

– US Sept Retail Sales expected 0.7% m/m from 0.9% , ex autos exp +0.6%m/m from 0.8%

– US Aug Business inventories expected 0.5% m/m from 0.8%

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