Forex EUR/USD Daily Video, January 19, 2023

Good morning,

"-1.1%" Retail Sales has spooked investors a bit, triggering some demand for US Dollar. EUR keeps bullish daily context by far, but has no room to retreat. Downside breakout of 1.0730 level will turn context into bearish:


Hi Sive... yes, these days market seems confused amid uncertainties. Personally, I am more comfortable being bearish on EUR/USD for the simple reason that, with 27 member countries in the EU, the chances of economic failures are much higher than the U.S.A. The ongoing Russia-Ukraine conflict is still a major concern, as are energy and inflations.
 
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