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12 Mar 2015
EUR/USD in highs post-German CPI
FXStreet (Edinburgh) - The single currency is reclaiming further ground vs. the greenback on Thursday, with EUR/USD currently trading near 1.0590.
EUR/USD indifferent after data
The pair posted little reaction after final German consumer prices during February came in line with the preliminary prints: headline prices advanced 0.9% inter-month and 0.1% over the last twelve months while the broader HICP gained 1.0% MoM and contracted 0.1% on a yearly basis.
Next on tap in the euro area will be the inflation gauge in France and Spain, followed by EMU’s Industrial Production and the speech by BuBa’s J.Weidmann.
EUR/USD key levels
As of writing the pair is advancing 0.37% at 1.0587 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).
EUR/USD indifferent after data
The pair posted little reaction after final German consumer prices during February came in line with the preliminary prints: headline prices advanced 0.9% inter-month and 0.1% over the last twelve months while the broader HICP gained 1.0% MoM and contracted 0.1% on a yearly basis.
Next on tap in the euro area will be the inflation gauge in France and Spain, followed by EMU’s Industrial Production and the speech by BuBa’s J.Weidmann.
EUR/USD key levels
As of writing the pair is advancing 0.37% at 1.0587 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).