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EUR/USD Pushes Lower As The Buck Inches Higher, Eyes On Retail Sales

Published 08/15/2017, 06:37 AM
Updated 03/09/2019, 08:30 AM


EUR/USD Daily Chart


EUR/USD continues testing daily-EMA at 1.1715. The pair pushed clocked 1.1792 high this morning, but due to negative German Prelim GDP scoring 0.6% while consensus at 0.7%, the pair was on abandoning wave resulted in 1.1720 low as a first test again for 20-EMA with 10-EMA still above.

On the other hand, strong signs for DXY after long days or value shedding, the Index clocked 93.75 high, with failure to overpass it on several hourly sessions, but still to be considered as an early sign to trend reversal in case of closing above 94.00 today ahead of U.S Retails Sales. In case the DXY failed today, tomorrow will be another chance with FOMC statement, still no clues how Yellen & Co will make the approach or break the neutral silence and shift to hawkish one.

U.S Dollar and EUR/USD Technical Overview...

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