Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD Breakout Contingent on Retail Sales, Tone at ECB Meeting

USD Breakout Contingent on Retail Sales, Tone at ECB Meeting

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURGBP double top in question; GBPAUD holds in triangle.

- EURUSD breakdown obstacles include US retail sales, ECB.- See the April forex seasonality report.

The GBP-crosses have yet to offer clear direction, while several USD-pairs need today's spending data to confirm their recent breakouts.

See the above video for technical considerations in EURUSD, GBPUSD, EURGBP, and GBPAUD.

Read more: Charts to Start the Week as USDOLLAR Hits Fresh Yearly Highs

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.