EURUSD

Key Indicators

• The daily chart remains biased to the upside, and it is still possible the pair will revisit 1.1500, as the chart shows upward pressure in the short term.

• Price is consolidating near key resistance, showing that bulls are still defending higher lows despite short-term profit-taking.

Fundamental Context

The EURUSD posted strong weekly gains supported by the dollar pullback. Moving ahead, today's June US retail sales numbers may prove to be an overwhelming factor in deciding where the price goes in the short term.