• EUR/NZD initially dipped bur recovered some ground as investors digested Eurozone retail sales data and awaited fresh catalyst.
• Retail sales in the eurozone were flat in October, underscoring household caution as the bloc looks to consumers to power an economic recovery.
• Sales volumes were flat on the month, compared with a revised 0.1% rise in September, data from the Eurostat showed on Thursday. Economists polled had forecast a 0.1% increase.
• On an annual basis, retail sales showed stronger momentum, rising 1.5% in October from 1.2% in September and slightly above expectations for a 1.4% increase.
• Immediate resistance is located at 2.0341(Dec 3rd high), any close above will push the pair towards 2.0401(38.2fib).
• Immediate support is seen at 2.0176 (50%fib) and break below could take the pair towards 2.0112(Lower BB).
Recommendation: Good to sell around 2.0230 with stop loss of 2.0330 and target price of 2.0160


FxWirePro: USD/ZAR drops below 17.100 level, heads deeper into bear territory
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro- Major Crypto levels and bias summary
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary 



