After three days of going up, Euro-Dollar went down 51 pips yesterday and closed at 1.0997, indicating a potential change of course

A quick look at yesterday: bearish sentiment ensured EUR/USD finished yesterday's session lower. However, despite the downward bias, the Euro etched out a distinct 1.0976 to 1.1078 session range.

On the flip side, data from United States concerning Core Retail Sales was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0% to -0.8% this month. Data from United States concerning Retail Sales was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of -0.2% to -1% this month.

Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 163,300, while the previous figure was 143,400.

The Euro's value drop coincided with the fact that AUD/USD falls 1.12% yesterday and closed at 0.6786.

Positive performances can be seen by looking at other currencies as USD/SGD went up by 0.64% yesterday, and closed at 1.3306. EUR/NZD rallies 1% yesterday and closed at 1.7533.

Furthermore, Italy Consumer Price Index is expected tomorrow at 08:00 UTC.

The currency pair has been trending positively for about a month. Having set a significant low of 0.9596 6 months ago, Euro-Dollar is trading 15.13% higher.