...maybe
Remember how before the Dec hike the US only had to post modestly good data and the dollar would rally? Even if it was just reactionary and faded an hour later, at least we got something out of it.
One day the euro will act like that too. Ok, retail sales can be volatile but the sentiment data should be cause for some cheering shouldn't it? In the 15 minutes following the data EURUSD had a 7 pip range. Pathetic.
EURUSD 15m chart
One day the data will start to matter and that day will come this year, if it keeps improving at the same pace or better. Central banks have had a lot to answer for in all this and it's about time we got back to some semblance of normality.
For trading, the longer the euro ignores the possible signals, the more it will have to play catch up when (if) the penny drops.
