EUR/USD: Downside pressure – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that EUR/USD remains on course for the 1.1027 recent low and the base of its down channel at 1.0948. Key
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German Retail Sales drop 2.2% m/m in July, a big miss (EUR unfazed)

German Retail Sales fell 2.2% m/m in July vs. -1.0% expected. German Retail Sales rose 4.4% y/y in July vs. -1.4% last.
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