The EUR/USD pair trades in the 1.2180 price zone, holding above the previous year’s high of 1.2177. Euro/dollar is technically bullish and further gains are in sight, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The US has just released November Retail Sales, which came in much worse than anticipated, falling by 1.1% in the month. The core reading, Retail Sales Control Group, printed at -0.9% vs. the 0.1% expected. Attention now shifts to the US Federal Reserve monetary policy announcement, which will include fresh economic projections. The central bank is expected to maintain rates and QE on hold this time.” “The 4-hour chart shows that the EUR/USD pair met buyers around a mildly bullish 20 SMA, while the longer moving averages continue to advance below it. Technical indicators are easing from intraday highs, but remain within positive levels, far from suggesting an upcoming slide.” 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 Gold Price Analysis: XAU/USD retreats from 1-week tops, steady around $1855 ahead of FOMC FX Street 2 years The EUR/USD pair trades in the 1.2180 price zone, holding above the previous year’s high of 1.2177. Euro/dollar is technically bullish and further gains are in sight, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The US has just released November Retail Sales, which came in much worse than anticipated, falling by 1.1% in the month. The core reading, Retail Sales Control Group, printed at -0.9% vs. the 0.1% expected. Attention now shifts to the US Federal Reserve monetary policy announcement, which will include fresh economic projections. The central bank is expected to maintain rates and QE on hold this… 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.
