EUR/USD has dipped into the 1.4720s after US retail sales nearly doubled expectations. Traders appear cautious regarding selling weakness in EUR/USD this morning as central banks have been consistent buyers of EUR/USD either side of the 1.4700 level in recent sessions.
Markets are expected to thin out quite dramatically over the next 90 minutes or so and markets will likely be range-bound and whippy. 1.4775/85 remains resistance on rallies.
