A slow down? After three days of going up, Euro-Pound is flat today, hovering around 0.8824.

After ending yesterday at 0.8821, EUR/GBP ascended as high as 0.8829 before meeting resistance. Undeterred, EUR/GBP posted a fresh rally late in the trading session targeting 0.8824.

At the same time, Euro Zone Consumer Price Index came out at 7%, while a consensus of analysts was expecting 7%. Italy Consumer Price Index released yesterday at 09:00 UTC with a figure of 0.5%, while the previous figure was -0.4%. Fresh Consumer Price Index data from Euro Zone came out at 0.7%.

A look at other currencies also shows bullish price action as having closed the previous session at 0.621, NZD/USD is up 0.31% today to currently trade at around 0.6229.

At the same time, after ending yesterday's session at 136.52, USD/JPY lost 49 pips and is trading around 136.03. EUR/JPY closed at 149.93 (down 0.19%).

Also worthy of note, Euro Zone Deposit Facility Rate (May) is scheduled for tomorrow at 12:15 UTC. Euro Zone Interest Rate figure is projected at 3.75. It previously stood at 3.5; data will be released tomorrow at 12:15 UTC. United Kingdom Composite PMI is expected tomorrow at 08:30 UTC.

Trading mostly sideways for 2 months. After setting a supportive marker at 0.7134 around 10 months ago, Euro-Pound is now trading 23.65% above this level.