Get started
Brandon50115

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

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
Brandon50115  
FX_IDC:EURUSD   Euro / U.S. Dollar
Trend Analysis EURUSD fundementals dollar europe retailsales
1
0
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.