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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - Following a quick dip below 1.3600, the EUR/USD managed to bounce from lows and rose back to retest daily highs in the aftermath of German and European CPI.

Eurozone's consumer price index grew 0.3% in December and 0.8% YoY, in line with market expectations and barely affecting the euro. The EUR/USD had risen from a 1.3595 to a high of 1.3627 before finding resistance and settling just below. At time of writing, the EUR/USD is trading around 1.3620, recording a 0.1% gain on the day.

EUR/USD technical outlook

"The outlook here remains bearish below 1.3630 intraday resistance, for a break through 1.3580 low, en route to 1.3470 and 1.3395", said Stoyan Mihaylov, analyst at DeltaStock.com.
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