Market Moving Data On Tap

We expect the US retail sales and PPI numbers will move the currency market today. The EUR/USD currency pair has found support around 1.3410 after retreating from a recent high of 1.3681. Although we see a bearish tone to the US dollar, we have also noticed a muted reaction to bad news. But with today’s numbers we could see that change. Look for a negative surprise on the PPI to test support for EUR/USD.