German retail trade data outpaced expectations in July, but the data failed to impress EUR bulls.
- Retail turnover rose 1.4% m/m in July, up from a 2.3% decline recorded in June, coming in above market expectations of a 1.1% increase
- EUR/USD slipped further after the data, easing to 1.1233, pared some losses to currently trade at 1.1240
- Strong resistance seen at channel top by 1.1261, breaks above could see pair at 1.1300 levels
- Short-term bias remains lower, Stochs poised for a bearish crossover, hourly price action well below the cloud
- Session lows by 1.1233 offer support on the downside, break below could see the pair at 1.2000 levels
- Markets now shift focus towards Euro zone CPI figures due later this session, inflation expected to register a 0.1% increase y/y
Recommendation: Good to sell rallies around 1.1240, SL: 1.1265, TP: 1.1200


AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro: USD/CAD downside pressure builds, key support level in focus
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro- Major Pair levels and bias summary
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major US Indices
FxWirePro: GBP/NZD edges higher but bearish outlook persists
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro- Woodies Pivot(Major) 



