Negative macroeconomic statistics from the United States | 18 August 2021

EURUSD trading plan:

U.S. retail sales fell more than expected in July, suggesting a slowdown in economic growth early in the third quarter. Retail sales dropped 1.1% last month. Data for June was revised up to show retail sales increasing 0.7% instead of rising 0.6% as previously reported. Retail sales are 17.2% above their pre-pandemic level. Online retail sales dropped 3.1%. Sales at building material stores fell as did receipts at sporting goods, hobby, musical instrument and book stores. Excluding automobiles, gasoline, building materials and food services, retail sales fell 1.0% last month after an upwardly revised 1.4% increase in June. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.

Investment idea: buy 1.1701 and take profit 1.1770.