The euro slid to session lows against the dollar and the yen on Wednesday after data showing that euro area inflation was revised lower for August added to fears that the European Central Bank may scale up its stimulus program.EUR/USD hit lows of 1.1231, down from around 1.1255 ahead of the data, while EUR/JPYwas at 135.21, down 0.38% for the day.The euro moved lower after Eurostat said the final reading of the euro zone annual inflation rate was revised to 0.1% from an initial estimate of 0.2%.Core inflation, which excludes volatile food and energy prices, was unchanged at 0.3% from a month earlier and 0.9% on a year-over-year basis.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5520 TARGET 5540 5570 SL 1.5490
SELL GBP/USD BELOW 1.5480 TARGET 1.5460 1.5430 SL 1.5500
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