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12 Mar 2013
Forex: EUR/USD indifferent after German CPI
The bloc currency remained apathetic after February’s consumer prices in the German economy rose 1.5% over the last twelve months and 0.6% on a monthly basis, in line with forecasts. Wholesale prices rose 0.1% MoM and 1.4% on a yearly basis, lower than January’s +0.3% and +2.3%, respectively.
Next on tap in the euro area would be the French Current Account followed by Italian inflation figures.
As of writing, the pair is down 0.20% at 1.3019 facing the immediate support at 1.2956 (Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.1).
On the upside, a breakout of 1.3044 (MA10d) would bring 1.3126 (MA100d) en route to 1.3135 (high Mar.8).
Next on tap in the euro area would be the French Current Account followed by Italian inflation figures.
As of writing, the pair is down 0.20% at 1.3019 facing the immediate support at 1.2956 (Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.1).
On the upside, a breakout of 1.3044 (MA10d) would bring 1.3126 (MA100d) en route to 1.3135 (high Mar.8).