USD shows some life

USD bulls capitalized on today's positive economic data. With an increase in November's retail sales of 1%, the USD gained about 65 pips against the EUR. The pair continued that momentum to place itself at 1.3155 on Thursday afternoon.

It was good to see a pro USD reaction as it seemed that the EUR/USD was ready to take off.

We will see what the next catalyst is but I don't expect much movement beyond the 1.31-1.32 range.

read more at dailyfx, Retail Sales..

-Jose M.

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