16 Jan 2015
EUR/USD muted post-German CPI
FXStreet (Edinburgh) - EUR/USD posted no reaction after the release of the German inflation figures, keeping the range just around the mid-1.1600s.
EUR/USD now looks to EMU CPI
German consumer prices failed to surprise investors on Friday, advancing 0.2% on a yearly basis and coming in flat inter-month. The HICP also met expectations, rising 0.1% in both YoY and MoM gauges. Ahead in the session, the more relevant EMU CPI is also due, with prior surveys pointing to a monthly contraction of 0.1% and 0.2% over the last twelve months. Across the pond, US Industrial Production, the Reuters/Michigan index and CPOI figures will set the pace from the USD-side.
EUR/USD key levels
At the moment the pair is up 0.15% at 1.1636 with the initial resistance at 1.1792 (high Jan.15) ahead of 1.1845 (10-d MA) and finally 1.1871 (high Jan.12). On the downside, a breach of 1.1568 (2015 low Jan.15) would aim for 1.1505 (low Nov.12 2003) and then 1.1445 (low Nov.11 2003).
EUR/USD now looks to EMU CPI
German consumer prices failed to surprise investors on Friday, advancing 0.2% on a yearly basis and coming in flat inter-month. The HICP also met expectations, rising 0.1% in both YoY and MoM gauges. Ahead in the session, the more relevant EMU CPI is also due, with prior surveys pointing to a monthly contraction of 0.1% and 0.2% over the last twelve months. Across the pond, US Industrial Production, the Reuters/Michigan index and CPOI figures will set the pace from the USD-side.
EUR/USD key levels
At the moment the pair is up 0.15% at 1.1636 with the initial resistance at 1.1792 (high Jan.15) ahead of 1.1845 (10-d MA) and finally 1.1871 (high Jan.12). On the downside, a breach of 1.1568 (2015 low Jan.15) would aim for 1.1505 (low Nov.12 2003) and then 1.1445 (low Nov.11 2003).