⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

Retail Sales Down by 1.6% in Eurozone – What’s Next In EUR/USD?

Posted Tuesday, February 5, 2019 by
Arslan Butt • 1 min read

In December 2018 compared with November 2018, the seasonally adjusted volume of retail trade decreased by 1.6% in the Euro area (EA19) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November, the retail trade volume increased by 0.8% in the Euro area and by 1.0% in the EU28.

In December 2018 compared with December 2017, the calendar adjusted retail sales index increased by 0.8% in the Euro area and by 1.2% in the EU28.

So far, the EUR/USD trades slightly bearish at $1.1424, down by -0.0011 points and -0.10%. Consider selling below $1.1440 with a target of $1.1402 and $1.1380.

EUR/USD – 4 Hour Chart

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments