The US dollar consolidated over flat retail sales in September. The euro has struggled to secure bids after it turned lower from the daily resistance and parity level. Sentiment would remain bearish unless the buy side manages to push past this ceiling. In the meantime, the pair is testing the demand zone between 0.9540 and 0.9650. A close above the recent support-turned-resistance 0.9810 would lift the price to 0.9900. On the downside, a bearish breakout would renew the selling pressure and send the single currency to 0.9450.
