Forex: EUR/USD eyes on 1.3080 ahead of German sales

The single currency recover some ground overnight, climbing from the area around 1.3050 ahead of the German retail sales during January. Prior surveys expect the sales to grow 1.0% on a monthly basis and to contract 1.8% over the last twelve months, both prints representing improvements from December’s reading.

At the moment, the cross is advancing 0.14% at 1.3077 with the next resistance at 1.3163 (high Feb.28) ahead of 1.3170 (hourly cloud top) and then the psychological level at 1.3200
On the flip side, a breach of 1.3047 (Ichimoku cloud base) would aim for 1.3041 (low Feb.27) and finally 1.3018 (low Feb.26).