© Reuters. EUR/USD, Euro-Dollar
Investing.com – The Euro lost a little ground against the Dollar after the us statistics in the afternoon, but manages for the moment to maintain the psychological threshold of 1.17.
Retail sales for the month of June, in fact, proved to be in line with expectations, at 0.5% for retail sales in general, and 0.4% for retail sales the main.
The figures of the previous month, however, have been significantly revised upwards to 1.3% against +0.8% initially reported for retail sales in general, and to +1.4% against +0.9% initially announced for the retail sales main.
Index Empire State Index (the Fed of New York) has also offered a good surprise, displayed at above expectations at 22.6 points compared to 22 expected for the month of July.
These figures satisfactory, therefore, have slightly benefited the Dollar, which was under pressure since the re-opening of the Forex yesterday evening, which has stopped the increase of the pay of EUR/USD for the moment.
On the pair EUR/USD, the resistance of 1.17 reached this morning, however, remains preserved. It can also be noted that the area of the 1.1700-1.1690 could appear as a solid support, which is also home to the moving averages 100 and 200 hours.
In case of resumption of the rise, watch for the highs of the day at 1.1725 and the thresholds of the 1.1760 and 1.1790-1.18 as the next resistance.
At the downside, break below 1.1690-1.17, we may take into account media business at 1.1675, 1.1650, 1.1615-20 and 1.16.
Finally, we will monitor any ads geopolitical potentially influential on the Dollar at the end of the meeting between Donald Trump, and Vladimir Putin, currently in progress.