EUR/USD Review, January 17-21, 2022
17 января 2022
The currency pair surged last week due to the mixed US inflation data. Strong CPI indicator has weakened US Dollar positions but USD resumed its growth on Friday after worse than expected US Retail Sales data. EUR/USD stays above the descending trend line.
The currency pair is likely to target the descending trend line this week. Otherwise, EUR/USD will retest 1.1461 resistance area.
