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Forex: EUR/USD eases after EMU retail sales, capped at 1.3546

The EUR/USD sharp bounce from 1.3458 low on the European session was capped at 1.3546 high, and the market is now easing to opening levels, at 1.3514. Now with EMU Retail Sales and Italian CPI data published, investors will keep an eye on SNB's Zurbrugg speech before US data comes in.

EMU retail sales disappointed by falling further, from -1.9% (revised from -2.6%) to -3.4% in December (YoY), instead of improving to -1.1% as expected. On the month, sales contracted -0.8%, instead of the -0.3% consensus.

Mataf.net analysts point to resistances at 1.3520 and 1.3580. On the downside, supports might be found at 1.3460, 13415 and 1.3350.

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