{"id":151656,"date":"2019-07-17T06:45:58","date_gmt":"2019-07-17T10:45:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151656"},"modified":"2019-07-17T06:18:57","modified_gmt":"2019-07-17T10:18:57","slug":"eurusd-downwards-trend-continues-3","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/eurusd-downwards-trend-continues-3\/","title":{"rendered":"EURUSD: downwards trend continues"},"content":{"rendered":"
July 17, 2019<\/div>
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By Alpari.com<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

On Tuesday the 16th<\/sup> of July, trading on the euro closed significantly down against the dollar, shedding a total of 0.4%. The pair traded within a narrow range in the Asian session, but the euro started to falter as the Europeans entered the market along with the release of the ZEW economic sentiment survey for Germany.<\/p>\n

The economic sentiment index turned out significantly worse than expected at -24.5 against an optimistic prediction of -22.3. The index\u2019s previous reading was -21.1. The value for Europe as a whole exceeded expectations (-20.3 against -20.9). However, this was slightly worse than the previous reading of -20.2.<\/p>\n

The US session saw the dollar further strengthen on the back of the publication of the retail sales control group for June, which exceeded the rather pessimistic expectations by 0.4%, and improved on the previous reading by 0.1%.<\/p>\n