29 Jan 2015
EUR/USD keeps 1.1300 on German CPI
FXStreet (Edinburgh) - EUR/USD practically ignored the German release today, with EUR/USD clinging to levels beyond 1.1300 the figure.
EUR/USD muted post-data
The pair keeps the composure after preliminary inflation figures in Germany missed the median during January. Headline consumer prices contracted 1.0% inter-month and 0.3% on a yearly basis while the HICP followed the same path, down 1.3% MoM and 0.5% over the last twelve months.
EUR/USD levels to consider
The pair is now advancing 0.12% at 1.1303 with the next resistance at 1.1384 (high Jan.28) followed by 1.1410 (10-d MA) and then 1.1413 (200-h MA). On the flip side, a breakdown of 1.1260 (50% of 1.1098-1.1423) would target 1.1222 (61.8% of 1.1098-1.1423) en route to 1.1098 (11-year low jan.26)
EUR/USD muted post-data
The pair keeps the composure after preliminary inflation figures in Germany missed the median during January. Headline consumer prices contracted 1.0% inter-month and 0.3% on a yearly basis while the HICP followed the same path, down 1.3% MoM and 0.5% over the last twelve months.
EUR/USD levels to consider
The pair is now advancing 0.12% at 1.1303 with the next resistance at 1.1384 (high Jan.28) followed by 1.1410 (10-d MA) and then 1.1413 (200-h MA). On the flip side, a breakdown of 1.1260 (50% of 1.1098-1.1423) would target 1.1222 (61.8% of 1.1098-1.1423) en route to 1.1098 (11-year low jan.26)