Technical Forex News

EUR/USD attempting recovery towards 1.06, will it sustain?

EURUSD chart

The EUR/USD pair extends recovery from near multi-month lows as we progress towards the early European trades, with markets now awaiting German retail sales and CPI data for fresh cues. Germany’s CPI growth is expected to show a 0.1% advance m/m in Nov, after a flat result reported in Oct, while the Oct retail sales are predicted to show a 0.3% rise on a monthly basis, following the flat result in September.

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