Mulai
Brandon50115

Fuel for a EUR/USD move down/ euro retail sales down Mom

Penjualan
Euro / Dollar AS (FX_IDC:EURUSD)  
Brandon50115  
FX_IDC:EURUSD   Euro / Dollar AS
Trend Analysis EURUSD fundementals dollar europe retailsales
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trendanalysis eurusd fundementals dollar europe retailsales
The EUR/USD pair has broken down below a steep trendline. This morning, the euro area's retail sales were down .5 percent MoM. I believe this is going to fuel a move down on the pair and we can continue to see the pair trend down as the dollar strengthens and the euro area's economy slows a bit. I think we can see levels all they way down to 1.14 over the first half of the next quarter.

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