The shared currency is pushing higher following the US data releases, with EUR/USD hitting session tops around 1.1370/80. The bid tone is now intensifying around the euro, following disappointing results from the US retail sector. In fact, headline retail sales in the US economy contracted further than expected 0.8% on a monthly basis during January; Core sales – excluding the Automobile sector – followed suit, down 0.9% vs. -0.4% forecasted. In the same direction, weekly Claims ticked lower to 304K vs. 285K previously estimated. As of writing the pair is up 0.62% at 1.1363 with the next hurdle at 1.1400 (psychological level) ahead of 1.1438 (21-d MA) and finally the psychological level at 1.1500. On the downside, the initial support aligns at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).