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EUR/USD bulls look to 1.15 the figure for the week ahead, 50-hour EMA in focus
EUR/USD will start the week after a poor end to last following the market's risk-off reaction to key, yet disappointing, US data. EUR/USD ended the day down some 0.35% falling from a high of 1.1482 and breaking the figure to print a low of 1.1398. The pair recovered some ground to end at 1.1415 and remains in technically bullish territory for the week ahead. US Retail Sales fell a steep 1.9% MoM, with control group sales down 3.1% MoM. ''The data suggest that the highest inflation in 40 years is impacting consumer behaviour, and this may well extend into the first quarter when the end of the child tax credits will ... (full story)