EUR/USD holds technical support level as German sales data looms

Yesterday the EUR/USD remained under pressure all day and that was covered in a number of updates here, looking at both the near and longer-term outlook. The Euro hit a low yesterday at 1.0936 and that was very close to the noted technical support level, at 1.0933 (100 day moving average- now in place today at 1.0934). The EUR/USD closed last night at 1.0939. The range seen so far today has been covered by 1.0937 to 1.0946 which is tight even by standards these days. As noted here yesterday the US CPI report has the potential to shunt the Euro lower again, or help it reverse the US jobs led falls it suffered last week. There will be more to add this morning on what is expected in that CPI data, but beforehand shortly, at 6am GMT we get the latest German Retail sales data (August) and that data might offer a passing reaction in the EUR/USD this morning. It is just now trading at 1.0941