The shared currency remains almost unchanged vs. the greenback today, withEUR/USD navigating the 1.1330/40 area.
EUR/USD muted after EMU data
The pair largely ignored the release of the producer prices in the euro region, contracting more than estimated 1.0% inter-month and extending the annual dropt to 2.7% during December. Previously and still in Euroland, Italian consumer prices contracted at a monthly pace of 0.4% and 0.6% over the last twelve months, adding to the deflationary environment in the region.
EUR/USD significant levels
At the moment the pair is up 0.02% at 1.1338 with the next hurdle at 1.1363 (high Feb.2) ahead of 1.1364 (high Jan.30) and then 1.1384 (high Jan.28). On the other hand, a breakdown of 1.1280 (low Feb.2) would open the door to 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).
EUR/USD muted after EMU data
The pair largely ignored the release of the producer prices in the euro region, contracting more than estimated 1.0% inter-month and extending the annual dropt to 2.7% during December. Previously and still in Euroland, Italian consumer prices contracted at a monthly pace of 0.4% and 0.6% over the last twelve months, adding to the deflationary environment in the region.
EUR/USD significant levels
At the moment the pair is up 0.02% at 1.1338 with the next hurdle at 1.1363 (high Feb.2) ahead of 1.1364 (high Jan.30) and then 1.1384 (high Jan.28). On the other hand, a breakdown of 1.1280 (low Feb.2) would open the door to 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).
