All signs of late have been that the US economy came to a standstill in August but rebounded i September and October. Growth is still slow but it id holding north of recessionary levels. Traders expect retail sales data to show a similar pattern.
A rise of 0.7% is expected in September from a flat August. Ex-autos, sales are seen up 0.3%.
If the data meets or beats expectations, look for a continuation of the risk trade.
The 1.3830 area remains strong resistance. Stops are seen above 1.3850.
