EURUSD rejected above 1.20, but this psychologically significant level was rejected quickly. Today's market focus is on the number of German retails sales and PPI for July, expected the result is better than the market expectation. Thus, it may bolster the EURUSD to surge. However, the number of US ADP employment data will be released tonight. An upbeat forecast may limit the upside potential of EURUSD. Meanwhile, investors should keep an eye on the Fed Beige Book and the appearance of Fed Willam and Mester, who will be delivered a speech tonight.
Strategy Planning : Expected EURUSD surges in EU session. Hoever, if US ADP beats the market expectation may limit the upside potential of EURUSD.