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14 May 2013
Forex: EUR/USD little changed after German CPI
FXstreet.com (Barcelona) - The bloc currency kept the 1.3000 figure after German prices have decelerated during April, rising 1.1% on a yearly basis and contracted 0.5% MoM. In the same direction, the HICP rose 1.1% vs. 1.8% in March. Following suit, wholesale prices contracted 0.4% over the last twelve months.
Next on tap will be Spanish and Italian consumer prices, preceding the more relevant ZEW Survey in Germany.
At the moment, the cross is up 0.18% at 1.2999 with the next resistance at 1.3051 (high May 10) followed by 1.3075 (MA21d) and then 1.3100 (MA10d).
On the flip side, a drop beyond 1.2932 (61.8% of 1.2740-1.3243) would expose 1.2916 (daily cloud base) and finally 1.2850 (76.4% of Apr. range).
Next on tap will be Spanish and Italian consumer prices, preceding the more relevant ZEW Survey in Germany.
At the moment, the cross is up 0.18% at 1.2999 with the next resistance at 1.3051 (high May 10) followed by 1.3075 (MA21d) and then 1.3100 (MA10d).
On the flip side, a drop beyond 1.2932 (61.8% of 1.2740-1.3243) would expose 1.2916 (daily cloud base) and finally 1.2850 (76.4% of Apr. range).