Forex: EUR/USD hovering over 1.3000 ahead of German CPI
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency is orbiting around he psychological mark at 1.3000 on Wednesday, ahead of the German inflation figures. Prior surveys expect the CPI to raise 1.9% on a yearly basis during November, a hair lower than the previous +2.0%.
Ahead in the day, the French CPI, a Spanish auction of 10yr Obligaciones and the EMU industrial production will also be released, preceding the biggest event: the FOMC meeting.
At the moment the cross is losing 0.02% at 1.3003 facing the next resistance at 1.3087 (high Dec.6) followed by 1.3100 (psychological level) and then 1.3127 (high Dec.5).
On the flip side, a break below 1.2965 (prior hourly highs) would open the door to 1.2930 (low Dec.11) and then 1.2911 (MA21d).
Ahead in the day, the French CPI, a Spanish auction of 10yr Obligaciones and the EMU industrial production will also be released, preceding the biggest event: the FOMC meeting.
At the moment the cross is losing 0.02% at 1.3003 facing the next resistance at 1.3087 (high Dec.6) followed by 1.3100 (psychological level) and then 1.3127 (high Dec.5).
On the flip side, a break below 1.2965 (prior hourly highs) would open the door to 1.2930 (low Dec.11) and then 1.2911 (MA21d).
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