Yesterday's US economic data did not push the dollar higher. Retail sales for June showed a 0.2% increase, while industrial production declined by 0.5%.
Last Friday, as well as in today's Asian session, the euro started to show signs of reversal from the resistance level at 1.1237. We can confirm this when
The euro gained 95 points yesterday and almost reached another target resistance level at 1.1237. It reached this target this morning. The bend in the signal
Yesterday's US inflation data came out better than forecasts; the core CPI for June fell from 5.3% YoY to 4.8% YoY, the overall CPI fell by 1.0% - from 4.0% YoY