Next support for the pair aligns at 1.3530
“The UK's Office for National Statistics reported that Retail Sales in December declined by 3.7% on a monthly basis. This print missed the market expectation for a decrease of 0.6% by a wide margin.”
“On the downside, 1.3530 (Fibonacci 38.2% retracement of the one-month-old uptrend) could be seen as the next bearish target ahead of 1.3500 (psychological level).”
“Resistances are located at 1.3600 (psychological level, Fibonacci 23.6% retracement, 100-period SMA) and 1.3650 (50-period SMA, static level).”
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