Euro (EUR) The euro fell versus the U.S. Dollar, closing at - TopicsExpress

Euro (EUR) The euro fell versus the U.S. Dollar, closing at 1.3132 after the German Retail Sales report came out at -1.4% vs. 0.1% forecast and with the CPI Flash Estimate report unchanged at 0.3%. Technically, according to the 8-hour chart, the EUR/USD is trading in a bearish trend with the RSI indicator below 50. Maintaining these conditions may drop the pair towards 1.3100. However, breaching the 30 Moving Average line may start a trend reversal and a rise towards 1.3200. Today, the Final Manufacturing PMI report is expected unchanged at 50.8.

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