Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.18.
The euro area Retail Sales m/m data (Actual: -1.3%, Forecast: 1.3%, Previous: 5.7%) released yesterday indicated a decline in consumer spending in the month of July.
EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19700.
Look for short-term selling opportunities of EUR/USD up until the release of the U.S. jobs report later at 2030 (SGT).
The euro area Retail Sales m/m data (Actual: -1.3%, Forecast: 1.3%, Previous: 5.7%) released yesterday indicated a decline in consumer spending in the month of July.
EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19700.
Look for short-term selling opportunities of EUR/USD up until the release of the U.S. jobs report later at 2030 (SGT).