EUR remains strong ahead German Inflation

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Later today, the German Federal Statistical Office will post November CPI, expected at -0.1% on year. On a monthly basis, it will be expected at -0.7%.

From a technical point of view, on a daily chart, EUR/USD still stands above its 50-day moving average (in blue). Readers may therefore consider the potential for further advance above 1.1745. The nearest threshold would be set at September top at 1.2015 and a second one would be set at previous overlap at 1.2150.

Source: TradingView, GAIN Capital


Related tags: EUR Forex Forex

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