I forecasted the one of the major currency pair, EUR/USD would stop its decline at 1.1350 level and rebound on Tuesday. But it broke the level and shrank under 1.13. Its feature seems double-tops pattern and it leads the more decline. It has the possibility of diving into 1.1214, the lowest point since late April, and may be rebound at the level. But it doesn't guarantee the upward trend.
The forecast of the pair is negative. Goldman Sachs anticipated the near parity. It expected the 1.05 level, Investing.com reported on Friday. Another investment bank, Deutsche spoke, too. And its expects are advanced from the breaking parity.
Meanwhile, the core retail sales in April increased 0.8 percent prior to March. It was expected 0.6 percent. It seems lead the strong US Dollar.
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