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2 Apr 2013
Forex: EUR/USD climbs to 1.2840 after German CPI
FXstreet.com (Barcelona) - The shared currency is hovering over the area of 1.2840/45 on Tuesday, after preliminary inflation figures in Germany showed the CPI rose 1.4% on a year to March, banging on estimates, and rose 0.5% on a monthly basis, above the 0.4% forecasted.
Regarding Cyprus, the finmin, M.Sarris has stepped down, although the single currency remains muted.
Next on tap will be the US Factory Orders, expected to grow 2.9% during February, leaving behind January’s contraction of 2.0%.
At the moment, the cross is down 0.05% at 1.2841 with the next support at 1.2751 (low Mar.27) ahead of 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a break above 1.2886 (MA200d) would expose 1.2890 (high Mar.26) and finally 1.2943 (MA21d).
Regarding Cyprus, the finmin, M.Sarris has stepped down, although the single currency remains muted.
Next on tap will be the US Factory Orders, expected to grow 2.9% during February, leaving behind January’s contraction of 2.0%.
At the moment, the cross is down 0.05% at 1.2841 with the next support at 1.2751 (low Mar.27) ahead of 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a break above 1.2886 (MA200d) would expose 1.2890 (high Mar.26) and finally 1.2943 (MA21d).