The Euro looked recharged after the data surprise from China stalled the US dollar advance. On Tuesday, the dollar gained on the back of upbeat retail sales data which re-echoed the higher rates for a longer period back into the market. However, things took a different turn earlier today after better-than-expected growth data from China dampened the US dollar's strength.
EURUSD can be seen trying to revive its upward movement as it prints Higher Lows (HL) with 1.0600 in sight but has seen its advance subdued by the ascending trendline which it exited on the 12th of October.
EURUSD can be seen trying to revive its upward movement as it prints Higher Lows (HL) with 1.0600 in sight but has seen its advance subdued by the ascending trendline which it exited on the 12th of October.
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Disclaimer
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.