U.S. retail sales slumped in December by the most in 10 months, suggesting the fastest inflation in decades is taking a greater toll on consumers just as the nation confronts more coronavirus infections. The value of overall purchases decreased 1.9%, after a revised 0.2% gain a month earlier, US Commerce Department figures showed Friday.
The EURUSD pair is now trading above 1.1421 main level. As long as the pair trades above 1.1421, on a four-hourly basis, we will face 1.1507 as the resistance level. On the upside, if the price drops below 1.1421, the next support level will be at 1.1365
Support : 1.1421 - 1.1365 - 1.1307
Resistance : 1.1507
14 Jan 22 (Fri)
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