FXStreet – The European currency showed on the publication of the CPI results in Germany no reaction, so that the EUR/USD further in the area of the 1,1170/80 traded.
EUR/USD unchanged after data
The German consumer price index (CPI) rose in may compared to the previous year by 1.5% and on a monthly basis of -0.2 %.
The HICP rose year-on-year by 1.4% and year-on-year basis, it fell by -0.2%.
Shortly after the release there was a Spike to 1,1190/95, but was quickly corrected.
Next, expect us from the US the Core PCE price index, personal income/spending, and the CB consumer confidence, which impact on the expectations of a Fed interest rate increase.
EUR/USD significant levels
Currently, the daily gain of 0.02% in 1,1169 and the next Resistances is at 1,1193 (High 30. May), 1,1235 (High-26. May) and 1,1252 (High-25. May). On the other hand, supports are located at 1,1110 (Deep 30. May), 1,1073 (76,4 % Fibo of 1,1300-1,0339) and 1,1059 (20-day SMA).
** FXStreet News Editorial, FXStreet**