Dollar Strength after Yesterday’s U.S. Retail Sales Report |
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After yesterday’s unexpectedly positive U.S. retail sales reports, the dollar gained strength in Asian and early morning European trading. We think, however, that the upward potential of the USD is more or less exhausted for today, with the exception of the EUR/USD pair where we see still some further downwards risk in today’s trading. For details, see our analyses for the major currencies below. Intraday Market Outlook for Day Traders EUR / USD After a sharp drop to 1.5395 in early morning
Filed under: Technical
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