Positive headlines about the US-China trade deal returned the upbeat mood to markets. Retail Sales data from Germany will be eyed today.
The main scenario assumes a return below 1.1190.
An alternative scenario is an incline towards the 1.1230 level.
Once we break below 1.1190, we think that the 1.1170 level will be next.
If bulls overcome 1.1210, they will easily test the level 1.1230 after that.