Eur/usd - 1.4842 ... Eurozone retail sales dropped unexpectedly by 0.7% m/m n 3.6% y/y in September versus economists' forecast of 0.2% rise n 3.6% y/y drop respectively. Although the single currency recovered briefly fm 1.4811 to around 1.4857 on short-covering, renewed selling interest emerged there after the data. More offers are tipped at 1.4880/85 n further out at 1.4895/00 with stops building up abv 1.4910 n 1.4930. On the downside, stops are reported below 1.4800. however, some demand by real money accounts is noted at 1.4775/80.
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