FX.co ★ Evening review on EURUSD for June 16, 2020

A very strong report on US retail sales for May was released with a 17.5% contrary to the forecast of 7.5%. Recall that in April there was a drop of -14.7%.

Thus the conclusion that the US sales in May blocked the fall of April. This is the result of proper measures taken to support the economy when the government and the Central Bank take them in a timely manner.

EURUSD:

We are waiting for an upward breakthrough of the euro.

Consider purchases from 1.1355.

Alternative: sell from 1.1210.