EUR/USD unmoved after German CPI

EUR/USD remained little changed trading at the 1.1220 area following the release of mainly in line with expectations German CPI figures.

German CPI rose 0.1% MoM in September and 0.7% on annual basis, beating slightly expectations of a flat monthly reading and a 0.6% increase YoY. Meanwhile, the harmonised CPI, calculated for European purposes, came in flat in September and rose 0.5% year on year, both matching expectations. 

The shared currency however, didn’t react to data, with investors attention turning to US GDP figures. At time of writing, EUR/USD is trading at 1.1222, just a few pips above its opening price.  

EUR/USD technical levels

In terms of technical levels, immediate  resistances could be faced at 1.1235 (Sep 28 high), 1.1258 (Sep 27 high), 1.1283 (Sep 15 high), 1.1326 (Sep 8 high) and 1.1365 (Aug 18 high). On the other hand, supports are seen at 1.1187 (100-day SMA/50-day SMA), 1.1155 (200-day SMA) and 1.1122 (Aug 31 & Sep 21 low).