In the meantime, the rate was being pressured by technical resistance levels near the 1.0820 mark. At that level the 100 and 200-hour simple moving averages.
Economic Calendar Analysis
Today, the US Retail Sales on Friday is being released at 12:30 GMT.
During the week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT.
Additionally, the German Flash Manufacturing and Services PMIs survey results are set to be issued on Friday, May 22, at 7:30 GMT.
EUR/USD hourly chart's review
Hourly Chart