The currency pair attempted to grow last week but returned to its previous readings on Friday. EUR/USD stays above 1,1068 at the moment of writing.

Few US data releases are worth mentioning. US inflation data has shown lower readings as the inflation growth was 0,1% only. US Core Retail Sales have shown growth as the final reading was above forecasts and previous meaning.

We expect the currency pair to test the closest support at 1,1068. If this happens, we recommend monitoring further situation. If EUR/USD breaks the support down, the currency pair is able to develop its downtrend. Otherwise, we expect the currency pair to grow towards 1,1285.