EURUSD was tracked bearish to 1.1033 and expected to bounce in corrective bullish to 1.1101 before turning downward again.

Dear Traders,

EURUSD was tracked bearish to 1.1033 and expected to bounce in corrective bullish to 1.1101 before turning downward again.

Euro couldn't gain traction even though EU CPI was released at expected score. On the flip side, US retail sales report soared to 0.6%, way above predicted score, and was much better than previous month retail sales which had been scored at 0.2%.


Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EURUSD