Evening review for EURUSD for 01/16/2020. Strong US data put pressure on the euro


A report on retail sales in the United States was released. Sales excluding cars increased by +0.7% – significantly better than forecast.

EURUSD: As we can see, buyers are not only unable to raise the euro to 1.1205, but even getting closer to this level. As they say in football: If you don’t score, they will score against you.

The chances of euro sellers are growing.

We are ready to sell the euro from 1.1085 – with the target of 1.0850.

Possible sales from 1.1104.

The material has been provided by InstaForex Company – www.instaforex.com