EUR/USD Forecast - Uncertainty Remains
US Retail Sales soared in May, while Fed's chief Powell cooled down corporate bond-buying expectations. EUR/USD retreated from highs, with increased bearish potential in the short-term. German ZEW Survey showed that Economic Sentiment improved in June, as the German index came in at 63.4 while for the whole EU, it resulted in 58.6. Inflation in the country met the market's expectations.
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