FXstreet.com (Barcelona) - Dollar recovery from 87.35 low on Wednesday has extended after retail sales data, as the pair jumped from 88.80 to break through 89.00 and 8920 resistance levels before hitting a fresh day high at 89.43, right below 89.40/50 resistance area.

In case of further appreciation, above 89.50/60 (Dec 8 high), next resistance levels lie at 90.00 and 90.70. On the downside, support levels are 89.00 previous session high, and below here, 88.60 and 88.20 (session low).

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.

.