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EUR/USD Is Still Up Ahead Of U.S. Retail Sales

Later today on the economic front, the U.S. Commerce Department will report October retail sales, expected at +0.5% on month, and September business inventories (+0.6% on month expected). The Federal Reserve will release October industrial production, expected at +1.0% on month.

From a technical point of view, on a daily chart, EUR/USD still stands above its 50-day moving average (in blue). Readers may therefore consider the potential for further advance above 1.1605. The nearest threshold would be set at September top at 1.2015 and a second one would be set at previous overlap at 1.2150.

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