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Traders,

Since the end of last week through today most dollar pairs are stuck in a range. Non-farm payrolls was unable to break the mold so now we look to retail sales tomorrow to try and establish a new trend or breakout of the existing trend. Remember this retail sales figure will include numbers from the holiday shopping season which will give us a clue as to how that sector performed. As we blog, the dollar has gained considerable strength across the board...is this a reversal or just a retracement to fall back into the range pattern?

To the Summit,

4xSummit