EUR/USD remains in the low-1.1300s following the release of the preliminary inflation figures in the euro area for the current month.
EUR/USD around 1.1315/20
Nothing out of the ordinary from the CPI figures in the euro bloc. Consumer prices extended its downside during the present month, contracting at an annual pace of 0.6% (vs. -0.5% exp. and -0.2% prev.). Core prices followed suit, rising 0.5%, missing forecasts at 0.6% and lower than December’s 0.7%. On the bright side, if any, the unemployment rate in the region ticked a tad lower to 11.4% during December from 11.5% previous.
EUR/USD levels to consider
As of writing the pair is up 0.03% at 1.1329 and a break above 1.1368 (high Jan.28) would open the door to 1.1380 (200-h MA) and finally 1.1384 (high Jan.28). On the other hand, the next support lies at 1.1303 (100-h MA) followed by 1.1262 (low Jan.29) and then 1.1261 (50% of 1.1098-1.1423).
EUR/USD around 1.1315/20
Nothing out of the ordinary from the CPI figures in the euro bloc. Consumer prices extended its downside during the present month, contracting at an annual pace of 0.6% (vs. -0.5% exp. and -0.2% prev.). Core prices followed suit, rising 0.5%, missing forecasts at 0.6% and lower than December’s 0.7%. On the bright side, if any, the unemployment rate in the region ticked a tad lower to 11.4% during December from 11.5% previous.
EUR/USD levels to consider
As of writing the pair is up 0.03% at 1.1329 and a break above 1.1368 (high Jan.28) would open the door to 1.1380 (200-h MA) and finally 1.1384 (high Jan.28). On the other hand, the next support lies at 1.1303 (100-h MA) followed by 1.1262 (low Jan.29) and then 1.1261 (50% of 1.1098-1.1423).
