EUR/USD Outlook (18th September 2019)

Overall, EUR/USD is ranging across. Recently, EUR/USD has been moving across within a wide range.

Earlier today, EU Commission President Juncker said that U.K. Prime Minister Boris Johnson assured the EU he wants a Brexit deal but whatever the outcome is, U.K. will leave the EU on the 31 October with or without an agreement.

The U.K. retail sales data will be released tomorrow at 1630 (SGT).

• Retail Sales m/m (Forecast: -0.2%, Previous 0.2%)
  

If the released data is worse than or as forecasted, the pound may weaken.

Currently, EUR/USD is bouncing-off the resistance level of 1.10750. Its next support level is at 1.09500.