27 Feb 2015
EUR/USD higher on German CPI
FXStreet (Edinburgh) - EUR/USD is advancing further on Friday, currently gyrating around 1.1235/40 following the German releases.
EUR/USD slowly up, targets 1.1250
The pair stayed largely apathetic after consumer prices in the German economy surprised markets today, with the flash CPI rising at an annual pace of 0.1% and 0.9% inter-month. Prices gauged by the HICP followed suit: up 1.0% MoM and down 0.1% on a year to February.
Next on tap will be the US docket, with the second revision of the US GDP Annualized in the limelight.
EUR/USD relevant levels
As of writing the pair is advancing 0.35% at 1.1237 with the next hurdle at 1.1300 (psychological level) followed by 1.1335 (10-d MA) and finally 1.1350 (21-d MA). On the downside, a dip beyond 1.1184 (low Feb.26) would expose 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).
EUR/USD slowly up, targets 1.1250
The pair stayed largely apathetic after consumer prices in the German economy surprised markets today, with the flash CPI rising at an annual pace of 0.1% and 0.9% inter-month. Prices gauged by the HICP followed suit: up 1.0% MoM and down 0.1% on a year to February.
Next on tap will be the US docket, with the second revision of the US GDP Annualized in the limelight.
EUR/USD relevant levels
As of writing the pair is advancing 0.35% at 1.1237 with the next hurdle at 1.1300 (psychological level) followed by 1.1335 (10-d MA) and finally 1.1350 (21-d MA). On the downside, a dip beyond 1.1184 (low Feb.26) would expose 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).