Friday's calendar seems like the busiest so far in the 2018. Finally we should get some attractions from the fundamental side of the market. Today, later in the day, we will find out the CPI and the retail sales from the US. Ahead of this data, EUR/USD tries his luck and again aims for the ultra important horizontal resistance on the 1.208. It will be hard to break it now but if data will be negative for the Dollar, we can get some help here which can result with a major bullish breakout.
USD/CAD is doing quite the opposite. Here, the USD is stronger, even despite the overall trend and the candlestick from yesterday. On Thursday, we received a shooting star candlestick, which suppose to be a negative sign for the traders and an invitation to go short. As long as we stay below the head of this formation, the sentiment is still negative but the today's upswing gives some doubts about the bearish strength in the short term.
GBP/USD climbs higher driven by the false breakout from the wedge, which we saw yesterday. Buy signal will be triggered, once the price will break the upper line of the wedge which is very probable. Now, all eyes are on the data.