German retail trade data outpaced expectations in July, but the data failed to impress EUR bulls.
- Retail turnover rose 1.4% m/m in July, up from a 2.3% decline recorded in June, coming in above market expectations of a 1.1% increase
- EUR/USD slipped further after the data, easing to 1.1233, pared some losses to currently trade at 1.1240
- Strong resistance seen at channel top by 1.1261, breaks above could see pair at 1.1300 levels
- Short-term bias remains lower, Stochs poised for a bearish crossover, hourly price action well below the cloud
- Session lows by 1.1233 offer support on the downside, break below could see the pair at 1.2000 levels
- Markets now shift focus towards Euro zone CPI figures due later this session, inflation expected to register a 0.1% increase y/y
Recommendation: Good to sell rallies around 1.1240, SL: 1.1265, TP: 1.1200


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
FxWirePro USD/JPY consolidates above 160.00 level despite fresh currency intervention threats
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: NZD/USD gains slightly but bearish outlook remains
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50 



