The EUR/USD pair has broken down below a steep trendline. This morning, the euro area's retail sales were down .5 percent MoM. I believe this is going to fuel a move down on the pair and we can continue to see the pair trend down as the dollar strengthens and the euro area's economy slows a bit. I think we can see levels all they way down to 1.14 over the first half of the next quarter.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.