EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4445.
In the US, the retail sales on monthly basis declined 0.2% to $387.1 billion in May, the first drop since June 2010.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4418, 0.19% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4477, followed by the next resistance at 1.4536. The first support is at 1.4380, with the subsequent support at 1.4342.
Investors are eying the economic and financial affairs council meeting along with other economic releases in the Euro zone to be released later today.
The currency pair is showing convergence with its 50 Hr moving average and is trading just below its 20 Hr moving average.
