Wednesday, March 13, 2013

EUR/USD loses triple bottom after strong US retail sales

The US consumer is alive and kicking despite the expiration of the payrolls tax cut. Both headline and core figures exceeded expectations. The dollar is strengthening on this news and EUR/USD finally broke below the triple bottom of 1.2960, now trading at 1.2933 – updates coming – US retail sales rose by 1.1%, in February,
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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