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* The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday as investors also looked for clues from Federal Reserve speakers on the path for interest rates.

* U.S. Treasury Secretary Janet Yellen said on Wednesday that crypto markets need more robust oversight, days after cryptocurrency exchange FTX collapsed.

* The U.S. dollar weakened in early European trade Wednesday, handing back overnight gains as Western officials downplayed the significance of a fatal missile strike on a Polish village, seeking not to escalate tensions with Russia.At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.3% to 106.013, having climbed as high as 106.76 earlier Wednesday.

* Most Asian currencies sank on Wednesday as a potential Russian missile strike on Poland drove investors away from risk-driven assets, while the dollar steadied from recent losses as investors sought safe haven in the greenback.

* Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people.

* The euro regained some lost ground after falling sharply against the U.S. dollar on Tuesday following reports that Russian missiles had hit Poland and killed two people.

Data inference

* 'Actual' greater than 'Forecast' is good for currency

Observation

* On looking at Daily chart of EURINR, we can spot that the prices have come out of a range of 3 months, which shows bullish sentiment.

* In the 2 Days prior trading session prices had given a breakout of Cup & Handle pattern confirming reversal of the trend to the upside.

* The breakout was accompanied by higher Volumes.

* Prices have also sustained well above Upper Bollinger Band, pointing towards rising volatility of the prices of an upside move.

* RSI on the Daily timeframe is sustaining above the 60 mark which reflects the rising momentum.

Inference

* Buy at 84.85 Target 86.5 SL 84.27

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