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15 Apr 2015
EUR/USD unperturbed by German data
FXStreet (Mumbai) - The shared currency keeps losses versus the greenback in the early European morning, with EUR/USD little changed after final German consumer prices rose in March confirming the preliminary data. While traders await EZ trade data and ECB meeting later in the day.
EUR/USD unchanged on German CPI
The EUR/USD trades lower by -0.23% at 1.0632 levels, retracing from session lows posted at 1.0618 levels. EUR/USD remains in red with no reaction to the upbeat final German CPI print showing inflation in the euro zone’s largest economy added 0.3% y/y in March, following the 0.1% upturn seen in February.
Meanwhile, traders now await Euro zone trade balance data and will closely watch ECB policy meeting in which ECB President Draghi is expected to assess the results of the QE program since its launch in March which may have major impact on the main currency pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.0647 (Today’s High) levels, above which gains could be extended to 1.0709 (April 14 High) levels. On the flip side, support is seen at 1.0600 below which it could extend losses to 1.0567 (April 10 Low) levels.
EUR/USD unchanged on German CPI
The EUR/USD trades lower by -0.23% at 1.0632 levels, retracing from session lows posted at 1.0618 levels. EUR/USD remains in red with no reaction to the upbeat final German CPI print showing inflation in the euro zone’s largest economy added 0.3% y/y in March, following the 0.1% upturn seen in February.
Meanwhile, traders now await Euro zone trade balance data and will closely watch ECB policy meeting in which ECB President Draghi is expected to assess the results of the QE program since its launch in March which may have major impact on the main currency pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.0647 (Today’s High) levels, above which gains could be extended to 1.0709 (April 14 High) levels. On the flip side, support is seen at 1.0600 below which it could extend losses to 1.0567 (April 10 Low) levels.