The Market Keeps On The Current Range On Mixed U.S Retail Sales Data

Forex -6595845 -656

Retail Sales fell by 1.2%, from 8.4% a month earlier, missing a forecast of 1.9%. (Negative for the U.S.S). Core Retail SalesĀ also fell by 1.9%, from 8.3% in the previous month. Passing a forecast of 1.3% in the last month. (Positive for the U.S.D). This development is likely to keep the market in the current range.

EURUSD: A consolation around 1.1800 is possible. Expected range: 1.1700 – 1.1900

Support: 1.1800, 1.1735, 1.1685, 1.1625

Resistance: 1.1875, 1.1938, 1.1995, 12060

GBPUSD: Sideways move within 1.2978/1.3210 as expected before.

Support: 1.2978, 1.2812, 1.2665, 1.2515

Resistance: 1.3210, 1.3283, 1.3420, 1.3513

USDJPY: The pair is expected to keep hovering around 106.67 levels. Expected range: 105.87/107.35

Support: 106.67, 105.87, 104.70, 104.08, 103.05

Resistance: 107.35, 108.20, 109.17, 109.85, 110.70

MARKET DATA

UPCOMING ECONOMIC EVENTS