US retail sales rose 0.5% mom in May, below expectation of 0.7% mom. But ex-auto sales rose 0.5% mom, above expectation of 0.4% mom. April’s headline sales was revised up from -0.2% mom to 0.3% mom. April’s ex-auto sales was also revised up from 0.1% mom to 0.5% mom.
EUR/USD breaks through 1.1251 minor support after the release. The development suggests that rebound from 1.1107 has completed at 1.1347. Intraday bias is now back on the downside for retesting 1.1107 low.
