06 June 2022, EUR/USD
EURUSD trading plan:
The EU's statistics office said the volume of retail sales in the 19 countries sharing the euro fell 1.3% month-on-month in April for a 3.9% year-on-year increase. Eurostat said sales of food, drinks and tobacco fell 2.6% on the month, while non-food products were down 0.7%, despite a 3.4% increase in online and mail order sales. Motor fuel sales rose 1.9%. The decline was particularly marked in Germany, the euro zone's largest economy, where sales dropped 5.4% during the month. Slovenia and Latvia were also weak, while sales in Spain, Luxembourg, Ireland and Malta gained.
Investment idea: sell 1.0769 and take profit 1.0710.
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