The EUR/USD firmly in the green for Tuesday after US Retail Sales beat market expectations and saw upside revision to previous figures, sending invest
The EUR/USD is climbing for Tuesday after risk appetite in the broader markets returns. A clean beat for US Retail Sales figures is seeing investor sentiment improve, taking the USD lower. The Euro is getting pushed higher in the broad-market Greenback slump, heading back into 1.0600. or risk appetite into the ceiling and sending the US Dollar broadly lower, bolstering the Euro and taking the EUR/USD up from the day's early low of 1.0532 and sending it within inches of the 1.
EUR/USD Technical Outlook Intraday action for the EUR/USD sees the pair busting out of recent price levels, clearing over the 200-hour Simple Moving Average , but an overextension could quickly see near-term bids strung out in no-man's-land with little technical support. Near-term price action is closing in on a heavy support/resistance zone from 1.0600 to 1.0620, while intraday swings are providing an intraday higher-lows support pattern.
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