EUR/USD Largely Falls

EUR/USD sunk to new bottom below 1.1100. The USD is also appreciating versus the most pairs.

The common currency is trading lower versus the USD as higher-than-forecasts U.S. retail sales data on Thursday stimulated in concerns over the U.S. economy could be on its way for a recession.

Presently, Euro versus the USD trades at $1.1085, which is a decline of 0.00211 or 0.19% from the previous close of 1.11066.

The daily range is from 1.1082 to 1.1112, while the trading volume is 80.445K. The reported data earlier in the session showed retail sales advanced last month.

As a matter of fact, the pair of EUR/USD could easily become the next key support area for is the swing region around 1.1070-80.