Lower retail sales and CPI sends the greenback lower.
The USD is moving lower after retail sales and CPI were lower than expectations.
The USDJPY has moved to back below its 100 and 200 hour MAs and is down testing an old trend line that has stalled falls in the near term.
The price is breaking below that line now...The lows from last week are the next targets at 109.37 and then 109.21 and 109.11.
The EURUSD has moved above the 200 hour MA at 1.1231 (green line in the chart below) and moves toward the key 1.1284 highs that stalled the pair in early June. At that time there were 4 straight days where the price stalled near that level. The fall from the high took the price to a support area at the 1.1161-71 area.
The 1.1284 level was also important back in September 2016 (see red circles 1,2 and 3 in the chart below). There were a number of highs at that level. After the US election, the price moved above that level but stalled quickly against the 1.1300 level (and moved back lower).
