US retail sales likely to rebound
Following last friday's upbeat wage growth figures release, expectations of a sharper rebound in advance retail sales gathered traction.
consequently, dollar is on the rise. However, a weaker rebound in retail sales could trigger a drop below daily low of 94.12. That would also mean a failure to sustain above falling and would open doors for a fall back to 93.68-93.00 levels.
A daily close today above 94.36 would indicate short-term invalidation.