Retail Sales Down by 1.6% in Eurozone - What's Next In EUR/USD? - Forex News by FX Leaders

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

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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