EURUSD approaches former resistance level at 1.1215

There's some pretty well defined levels on the lower time frames. 1.1215/20 is one such level.

EURUSD H1 chart

1.1160 is the next but stick a line across 1.1180/85 and we're likely to see support there too. Of course 1.12 even is likely to through up some support.

The retail sales didn't exactly set the world alight but it's given the dollar a little boost. We'll see how that translates into the rest of the afternoon. It may be enough to help stocks higher. Futures show the S&P +21 right now and the lift in consumer spending might keep that afloat.

USDJPY has already given up the break of 113.00 but it doesn't look like it wants to go very much lower. We could have a pause before another push up. We'll see what stocks think in under 30 minutes