U.S Retail Sales Up 0.6% In July, Sell USD On Recovery !

forex consumer
forex consumer

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

The U.S Retail Sales rose 0.6%, from 0.0% in the previous month, the indicator was expected to rise 0.5% in the last month.

Market Impact : 

USDINDEX: As long as 96.70 / 97.36 resistance holds on a 4- hour closing basis, outlook in USDINDEX remains on the downside towards 96.00/95.50 levels, above 96.70 will reverse risk towards the 98.40 levels.

U_S Retail Sales Up-USDINDEX

EURUSD: AS long as 1.1072 support holds on a 4- hour closing basis, outlook in EURUSD remains neutral with risk to the upside towards the 1.1155 levels, further upside, resistance comes at the 1.1215 levels, below 1.1072 will open 1.1010 levels before the next rise..

U_S Retail Sales Up-EURUSD