Outlook for US Retail Sales (MoM) for Dec , remains neutral at the moment , this indicator is trapped within -0.6% : 1.5% levels , any reading above the 1.5% levels will open 2.2% : 3.0% levels , while below – 0.6% will open -1.1% : -2.3% levels , however ; we have 3 scenarios for today :
1- Any reading within -0.6% : 1.5% range will bring sideways move for the US dollar , buy USD on dips !!
2- Any reading below -0.6% % will bring a corrective pullback for the USD , buy the USD on dips !!!
3- Any reading above the 1.5% will bring strong bullish move for the USD ..
It will be published today at 13:30 GMT …