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

The EUR/USD trades slightly bearish at $1.1424, down by -0.0011 point and -0.10%. Consider selling below $1.1440...


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

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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