EUR/USD tests 1.3300

FXstreet.com (Córdoba) - The EUR/USD pushed through the 1.3280 level and saw a quick spike toward a fresh 6-week high of 1.3300.

EUR/USD reaches 1.3300 and pulls back

With no clear catalyst, EUR/USD jumped to its highest level since Jun 19 at 1.3300 but selling interest kept the pair capped. Low liquidity prevails favoring sudden moves in the FX space as market wait for the Fed, ECB, BoE and US GDP, jobs data.

EUR/USD eases after German inflation data

EUR/USD has eased a tad from the circa level, following German inflation data, and it is currently around 1.3285, where it records a 0.2% gain on Tuesday, with immediate resistances at 1.3300 and 1.3325 (Jun 18 low). On the other hand, supports line up at 1.3250 (100-hour SMA) and 1.3240 (Jul 29 low).

Germany July Consumer Price Index (MoM) increase to 0.5%. (YoY) up 1.9%.

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Germany: CPI rose 1.9% YoY in July

The advanced inflation figures in the German economy surpassed expectations for the month of July, rising 0.5% on a monthly basis and 1.9% over the last twelve month vs. 0.3% and 1.8%, respectively. The Harmonised CPI rose 0.4%....
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