EUR/USD slid 0.35% to 1.0974, the lowest level since April 29.The euro slid to one-month lows against the stronger dollar on Monday after U.S. data showing that consumer prices rose for a third straight month in April, as concerns over Greece continued to weigh on the single currency. The dollar strengthened broadly on Friday after data showed that U.S. core consumer prices rose 0.3% in April and were 1.8% higher on a year-over-year basis, the largest increase since October.The greenback received an additional boost after Fed Chair Janet Yellen reiterated that the bank still expected to start raising interest rates later this year if the economy continued to improve as expected.The euro remained under heavy selling pressure as the prospect of a Greek default continued to weigh.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5520 TARGET 1.5540 1.5570 SL 1.5490
SELL GBP/USD BELOW 1.5390 TARGET 1.5370 1.5340 SL 1.5420
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