EURUSD Chart Technical Outlook

The EURUSD Chart Technical Outlook pair presents a subdued profile, trading near 1.0710 in the Asian session Today.

The pair’s movement indicates an absence of strong directional bias, though the Euro retains some strength against mixed economic signals from the Eurozone and Germany.

Data released by Eurostat on Wednesday showed a 0.3% month-on-month decrease in Retail Sales for September, an improvement over August’s 0.7% fall, but slightly more than the 0.2% predicted by the market. Year-on-year, there was a 2.9% decline in September, which, while worse than August’s 1.8% fall, was better than the forecasted 3.2%.

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