The euro is stable. Data on retail sales in the euro area
The single currency moves in a narrow range against the US dollar, pausing the recovery. This movement is caused by the market’s reassessment of Friday’s report on employment in the US. Also, a deterrent is data on retail sales, which declined in December.
- According to published data, the volume of retail sales decreased in December by -1.1%, against the growth in November at 2.0%.
- On an annualized basis, the growth slowed to 1.9%, exceeding the forecast of analysts at 1.6%.
Technical analysis: The pair EUR/USD maintains an upward trend in the short term. The main support levels are 1,2400, 1,2340. The resistance levels are 1,2520, 1,2560.
Fig. EUR/USD. Current price – $ 1.2466
Alexander Sivtsov