eFXdata | EUR/USD - Dreadful German Retail Sales Were A Tell For EUR/USD Traders

By Jeremy Boulton — Nov 02 - 04:13 AM

• German Sep retail sales expected 0.4% fell 2.0% mm

• Despite data EUR/USD rallied from 1.1185

• Two hours after data pair reaches 1.1235

• Key bearish drivers have reversed

• USD gains halt after traders prepared for a rise

• It may be wise to hedge risk EUR/NOK rallies

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EURUSD hourly chart

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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