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EUR/USD tumbles after US data

FXStreet (Córdoba) - EUR/USD plummeted after US economic data and fell from 1.2440 to 1.2401, hitting the lowest price since Tuesday. The pair remains near the lows, with the 1.2400 area under pressure.

The US Census Bureau informed that retail sales rose 0.3% in October following a flat reading in September, and above the 0.2% expected. Greenback gained momentum across the board after the report, reaching fresh highs.

EUR/USD weak after breaking short term support

The pair broke the 1.2420/25 area that offered support on Wednesday and Thursday and was an important short term support, that now is a potential resistance if the euro recovers. Below 1.2400, the next support could lie at 1.2385 and 1.2365 (Nov 6 low).

US retail sales beat expectations

The U.S. Census Bureau announced today that advance estimates for retail trade sales were up 0.3 percent from September 2014, and 3.8 percent above last year. Non-store retailers were up 9.1 percent from October 2013 and auto and other motor vehicle dealers were up 8.3 percent from last year.
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USD/JPY extends gains on US retail sales

USD/JPY extended gains and printed fresh 7-year highs at the beginning of the New York session, lifted by better-than-expected US retail sales data.
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