16 Jun 2015
EUR/USD keeps 1.1270 on German CPI
FXStreet (Edinburgh) - The shared currency is posting marginal losses vs. the greenback on Tuesday, with EUR/USD meandering around 1.1275/70.
EUR/USD indifferent post-German data
The pair paid little attention to the release of the final German inflation figures during May, with consumer prices tracked by the CPI coming in at 0.1% MoM and 0.7% YoY; the broader HICP measure followed suit, up 0.1% inter-month and 0.7% over the last twelve months.
While Greece remains the almost exclusive driver behind the euro, the upcoming ZEW Survey in both Germany and the euro bloc will also attract attention. Market consensus sees the prints coming in a tad lower for the current month.
EUR/USD key levels
As of writing the pair is retreating 0.15% at 1.1266 and a breakdown of 1.1189 (low Jun.15) would aim for 1.1151 (low Jun.12) and then 1.1087 (low Jun.8). On the flip side, the initial hurdle lines up at 1.1297 (high Jun.12) en route to 1.1334 (high Jun.11) and finally 1.1387 (high Jun.10).
EUR/USD indifferent post-German data
The pair paid little attention to the release of the final German inflation figures during May, with consumer prices tracked by the CPI coming in at 0.1% MoM and 0.7% YoY; the broader HICP measure followed suit, up 0.1% inter-month and 0.7% over the last twelve months.
While Greece remains the almost exclusive driver behind the euro, the upcoming ZEW Survey in both Germany and the euro bloc will also attract attention. Market consensus sees the prints coming in a tad lower for the current month.
EUR/USD key levels
As of writing the pair is retreating 0.15% at 1.1266 and a breakdown of 1.1189 (low Jun.15) would aim for 1.1151 (low Jun.12) and then 1.1087 (low Jun.8). On the flip side, the initial hurdle lines up at 1.1297 (high Jun.12) en route to 1.1334 (high Jun.11) and finally 1.1387 (high Jun.10).