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EUR/USD higher after German CPI

FXstreet.com (Córdoba) – The EUR/USD edged higher and rose back above the 1.3600 mark after data showed German consumer prices rose more than expected in November.

Germany’s consumer price index grew 0.2% in November and 1.3% YoY, beating expectations of 0.1% and 1.2% respectively. The EUR/USD bounced from session lows around 1.3585 and climbed to the 1.3605 zone, although it lacked momentum to retest its monthly high scored earlier at 1.3617.

EUR/USD levels to watch

In terms of technical levels, immediate resistances for EUR/USD line up at 1.3617 (daily high), 1.3625 (61.8% Fibo of 1.3832-1.3295) and then 1.3700 (psychological level). On …read more