Retail Sales for December Disappoint Dollar Bulls

EUR/USD has been ranging up and down through the whole day as the Forex traders were expecting the release of the important fundamental data today. After the retail sales report for December came out, euro started to gain at a fast pace against the U.S. dollar and broke the important resistance level of 1.4900.December advance estimate of the retails sales fell down by 0.4% after a 1.2% growth a