EUR/USD has rebounded close to session highs at 1.4720 posted late in the London morning. Upbeat consumer sentiment data and a rebound in oil helped fuel the pop. Consumer sentiment and retail sales are only loosely correlated, so I would not get too excited by the data.
Just overhead lies technical resistance at 1.4727, the 50% retracement of the 1.4842/1.4612 decline.
Markets remain thin and whippy, like a normal Friday.
