EUR/USD flat at 1.0800 as Eurozone retail sales meet expectations
EUR/USD remained unchanged at 1.0800 following the release of Eurozone October retail sales data, which came in at 0.0% month-over-month, matching market expectations. The September figure was revised upward from -0.1% to +0.1%, suggesting slightly better consumer demand. The breakdown revealed mixed consumer behavior, with increased spending on food, drinks, tobacco, and automotive fuel offsetting declines in non-food product purchases. This stability in retail sales provides marginal support for the euro amid broader concerns about economic growth in the region. Technical resistance remains at 1.0850, while support holds at 1.0750. Traders await upcoming ECB policy signals and US economic data for directional clarity, with the pair likely to remain range-bound in the near term absent fresh catalysts.
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