• EUR/USD will slip below 1.1550, because traders digest mixed data in the US and monitor tensions in the Middle East.
• Retail sales in the US fell by 0.9%in May, but the control group associated with GDP increased by 0.4%; Industrial production disappointed.
• Markets are waiting for the Wednesday decision of the Federal Reserve for a clearer direction in front of the modern item in EUR/USD.

EUR (EUR) weakens on Tuesday compared to the American dollar (USD), and the EUR/USD pair that is watering when traders digest indefinite green-grooves despite disappointing detail sales data and ongoing geopolitical tensions resulting from the Iran-Israel conflict.

EUR/USD pair the edges lower during the American session, slipping in the direction of 1.1514 after Monday unsuccessful attempt to maintain profits above the psychological barrier 1.1600. Meanwhile, the American dollar index (DXY) maintains a company above 98.00, and recently trade of nearly 98.35 has been seen, because traders stick to Greenback among secure flows.

The latest figures from the United States painted a mixed macroeconomic image. Retail sales dropped by 0.9% in May – the sharpest decrease for four months – because consumers confined expenses before the upcoming tariffs. However, the retail sales sales control group, which contributes to the gross domestic product (GDP), surprised the raise of 0.4%. Meanwhile, American industrial production fell by 0.2%in May, not reaching market forecasts for a compact growth, emphasizing the pockets of weakness in the production sector.

On the European front, moods showed a positive surprise. The external mood indicator increased by 23.7 points to 35.3 in June, much above 23.5 expectations, which suggests the growing optimism as to the economic prospects of the block despite the continuous geopolitical winds. In markets with a constant income, the Government of the euro area gives higher on Tuesday, because traders remained cautious among the uncertain trajectory of the conflict in the Middle East. The 10-year German reference efficiency increased by one basic point to 2.54%, while Schatz’s two-year performance increased to 1.85%, reflecting the modest risk bonus and guarded moods of investors.

Looking to the future, traders will probably remain out of the way before the Wednesday’s decision of the Federal Reserve Policy, waiting for fresh signals about economic perspectives and the future path of the rate before placing modern plants. In Europe, attention will be paid to fresh inflation data in the euro area (HICP) and comments from officials of the European Central Bank, including the wick, Nagel and Villeroy, all planned for Wednesday, which could offer further tips on subsequent ECB policy movements.