Midweek Pair Focus: EUR/USD

Another Bearish day for the EUR against the USD today following the strong, bullish US Retails Sales yesterday morning.

Other news for the dollar: Today’s Core CPI was the lowest since March.

Tomorrow there are two more dollar red-tag events being released: Building Permits and Unemployment Claims.

EUR/USD Chart:

With continued strength of the dollar, we could see 1.217 support area soon. Dollar Bulls, don’t get your hopes too high though. The EUR is not very active today with France and Italy having a national holiday.

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