Back
11 Apr 2013
Forex: EUR/USD flat ahead of German CPI
FXstreet.com (Barcelona) - The bloc currency is posting marginal losses on Thursday, hovering over 1.3065/70 ahead of German Consumer Prices due later. Prior surveys expect the CPI in the first economy of the euro bloc to post an annual increment of 1.4% in March, a tad lower than February’s 1.5%. on a monthly basis, prices are expected to rise 0.5% vs. 0.6% previous.
As of writing, the cross is losing 0.02% at 1.3066 with the next support at 1.3006 (low Apr.9) ahead of 1.2963 (low Apr.8) and finally 1.2928 (MA10d).
On the upside, a breach of 1.3135 (high Mar.8) would expose 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).
As of writing, the cross is losing 0.02% at 1.3066 with the next support at 1.3006 (low Apr.9) ahead of 1.2963 (low Apr.8) and finally 1.2928 (MA10d).
On the upside, a breach of 1.3135 (high Mar.8) would expose 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).