FXstreet.com (Barcelona) - The Dollar has soared across the board on the back of U.S. retail sales data, and the EUR/USD has given away, in a matter of minutes, all the ground taken during European session, dropping about 90 pips to levels around 1.4685.
If the pair consolidates below 1.4700 next support levels lie at 1.4670 (Dec 9 low), and below here, 1.4625 (November low.) On the upside. resistance levels lie at 1.4750/55, and above here, 1.4780 (Dec 9 high) and 1.4800/10.
U.S. Retail sales have increased at a 1.3% pace in November, beating expert's forecasts of a 0.6% advance, while, excluding automobiles, retail sales have advanced 1.2% on the month.