The currency pair fluctuated in a small range last week. Investors await for new comments from the Fed about their future monetary policy decisions.
German ZEW economic sentiment data was worse than expected and reached -24,5. Economists forecasted slower decline.
US Retail Sales data remained unchanged, but the indicator has given some support to USD as economists expected it to decline.
The currency pair reached its previous readings in the end of the week, but retreated from 1,1285. EUR/USD reached the lower border of that small range again. There are no candlestick patterns currently and we advise to wait for the signals before entering the market.
German ZEW economic sentiment data was worse than expected and reached -24,5. Economists forecasted slower decline.
US Retail Sales data remained unchanged, but the indicator has given some support to USD as economists expected it to decline.
The currency pair reached its previous readings in the end of the week, but retreated from 1,1285. EUR/USD reached the lower border of that small range again. There are no candlestick patterns currently and we advise to wait for the signals before entering the market.