Can we break the level?
At the moment, the pair is trying to win back losses and is near the 1.17 mark, as it could not gain a foothold above this level. Today we expect the release of data on the volume of retail sales in the US. It is predicted that the figure will be 0.5%, which is lower than the indicator for the previous month.
Therefore, we assume that the pair will again test this level, so we recommend to take long positions and set TP at a distance of about 50 points.
Therefore, we assume that the pair will again test this level, so we recommend to take long positions and set TP at a distance of about 50 points.
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