August US Retail Sales came in much worse than anticipated and the dollar is under pressure ahead of the US Federal Reserve monetary policy decision. Nonetheless, the EUR/USD pair is holding below the 1.1900 level, maintaining its neutral technical stance in the short-term, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Pressure on the greenback has been exacerbated by the recently published August Retail Sales, which came in at 0.6%, below expected. Retail Sales Control Group, contracted to -0.1%, missing expectations of 0.5%. As for the Fed, the central bank is expected to maintain its current policy unchanged, although the market is hoping for more details on the recent shift to average inflation. Policymakers will also unveil fresh forecasts on employment, inflation and growth.” “The 4-hour chart shows that the EUR/USD pair is back to the 1.1850 price zone, hovering around directionless moving averages. Technical indicators, in the meantime, have turned lower, now standing within neutral levels. It’s all about the Fed and how the market takes the announcement. Nevertheless, the dollar has little chances of turning bullish, despite this latest pullback in EUR/USD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY extends slide to fresh multi-week lows near 104.80 FX Street 2 years August US Retail Sales came in much worse than anticipated and the dollar is under pressure ahead of the US Federal Reserve monetary policy decision. Nonetheless, the EUR/USD pair is holding below the 1.1900 level, maintaining its neutral technical stance in the short-term, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Pressure on the greenback has been exacerbated by the recently published August Retail Sales, which came in at 0.6%, below expected. Retail Sales Control Group, contracted to -0.1%, missing expectations of 0.5%. As for the Fed, the central bank is expected to maintain its current policy unchanged, although the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.