OVERVIEW
You’ve provided a detailed overview of the current market situation for EUR/USD. It seems that the pair initially peaked at 1.0951 but pulled back to 1.0900 due to Dollar strength. Mixed data from the Eurozone and positive economic reports from the US, like retail sales, have influenced the market. The Dollar’s fluctuations and upcoming economic indicators will likely continue to shape the direction of the pair.

EUR/USD reached its highest point on Tuesday at 1.0951, but fell back to 1.0900, indicating sellers’ control. The US dollar remains strong despite an encouraging economic report.

Eurozone data shows conflicting outcomes, with the Current Situation Index falling to -71.3 and the German ZEW Survey’s Expectation Index rising to -12.3. Eurozone will present June industrial production, Q2 growth, and employment data on Wednesday.

US retail sales increased by 0.7% in July, surpassing predicted 0.4%, but the NY Empire State Manufacturing Index dropped below market expectations.

In July, retail sales in the US increased by 0.7%, driven by the Dollar’s initial increase following economic data announcements. The EUR/USD pair reached 1.0953, but regained momentum, moving closer to 1.0900. The Dollar remains strong due to a lack of risk-taking and rising US yields. The US will release industrial production and building permit data on Wednesday, while the Federal Reserve publishes meeting minutes. The NY Empire State Manufacturing Index for August dropped below market expectations.

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