EURUSD under the bearish pressure today after US Retail Sales beat estimates with 0.6% MoM in June. The Control Group also exceeded estimates with 1.1%. The pair is also driven down by concerns about the pace of the economic recovery in Eurozone after the widespread floods caused immense economic damage to the local communities in Germany and Belgium and also upset the vaccination programmes in the region. The pair is also pressured down by safe-haven inflows into the U.S. dollar on fears about the spread of the Delta variant – with COVID-19 cases on the rise again at the global level and in most of the G7 economies.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
EURUSD overview 16.07.2021
EURUSD dips on stronger dollar.
EURUSD under the bearish pressure today after US Retail Sales beat estimates with 0.6% MoM in June. The Control Group also exceeded estimates with 1.1%. The pair is also driven down by concerns about the pace of the economic recovery in Eurozone after the widespread floods caused immense economic damage to the local communities in Germany and Belgium and also upset the vaccination programmes in the region. The pair is also pressured down by safe-haven inflows into the U.S. dollar on fears about the spread of the Delta variant – with COVID-19 cases on the rise again at the global level and in most of the G7 economies.
Expect sellers on upward corrections.
Next support to watch – 1,1772
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags