Euro In No-Man's-Land

The EUR/USD currency pair approached, but did not breach our trigger yesterday. What followed was a day of range bound trading. US retail sales data had little effect on the market. We look for things to be different today. We’ll be watching US CPI data, industrial production and capacity utilization. The US dollar has been so weak that any negative surprise in any area should boost the Euro. Our trigger is set at 1.3555 to the upside.