Back
28 Feb 2013
Forex: EUR/USD climbs to 1.3130/35 after German data
The single currency advanced to the region of 1.3130/35 after the preliminary inflation figures in Germany showed that the CPI rose 0.6% on a monthly basis and 1.5% YoY, coming in short of expectations.
Next on tap would be the US Q4 GDP figures, PCE and the weekly report on the labor market.
At the moment, the cross is down 0.07% at 1.3129 with the next support at 1.3100 (psychological level) ahead of 1.0347 (Ichimoku Cloud base) and then 1.3041 (low Feb.27).
On the flip side, a breakout of 1.3163 (high Feb.28) would aim for 1.3200 (psychological level) and finally 1.3226 (Tenkan-Sen line).
Next on tap would be the US Q4 GDP figures, PCE and the weekly report on the labor market.
At the moment, the cross is down 0.07% at 1.3129 with the next support at 1.3100 (psychological level) ahead of 1.0347 (Ichimoku Cloud base) and then 1.3041 (low Feb.27).
On the flip side, a breakout of 1.3163 (high Feb.28) would aim for 1.3200 (psychological level) and finally 1.3226 (Tenkan-Sen line).