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EUR/USD Price Analysis: Bears waiting to pounce in resistance
EUR/USD was down in late New York trade but overall little changed after failing to the breakout of last week's highs again although hitting 1.12750, the highest since Feb. 2022. Meanwhile, the US Dollar rose from a 15-month low against a basket of currencies on Tuesday after core Retail Sales saw strong gains in June. Core sales showed resilience and increased 0.6% in June. Data for May was also revised slightly up to show core retail sales increasing 0.3% instead of the previously reported 0.2%. chart EUR/USD is capped, so far, at the highs of the recent bullish rally as per the daily chart above. The lower ... (full story)