TenkoFX - Analytics

    TenkoFX

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    EUR/USD around 1.1230 post-US data Pablo Piovano

    The common currency has barely reacted after the positive results from the US docket today, with EUR/USD hovering over the 1.1230 area.EUR/USD ignored upbeat US Retail SalesSpot kept the composure and the area of daily lows despite US Retail Sales have come in above expectations for the month of May.In fact, advanced headline Retail Sales have expanded 0.5% (vs. 0.3% exp.) and 0.4% (vs. 0.4% exp.) excluding the Autos sector. Further results saw Retail Control rising 0.4% vs. 0.3% initially forecasted.In addition, Import Price index and Export Price index have surpassed consensus, advancing 1.1% and 1.4% on a monthly basis, respectively.EUR/USD levels to watchThe pair is now retreating 0.58% at 1.1227 and a break below 1.1160 (up trend from March low) would open the door to 1.1101 (200-day sma) and finally 1.1096 (low May 30). On the flip side, the next up barrier aligns at 1.1313 (55-day sma) followed by 1.1417 (high Jun.8) and then 1.1448 (high May 11).


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