According to the statistics released by United States Department of Commerce on Wednesday, the retail selling rates in December has slipped by 09.% which is 0.1% lower then the market expectation and 0.7% lower than in November. With the holiday season coming to an end, consumers might have tighten the purse string a little. Here are the on two mainstay trading assets.
Let’s focus on the support position 1.1750/1.1730 and the resistance 1.1800/1.1820. For those who are in arush, it might be applicable to choose Call at support position.
So far the unemployment number is looking good, so there is going to be a retracement in the short run. The resistance is at 0.8220/0.8250 while the support is at 0.8160/0.8120. It will be less risky to place order at support position.
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