EUR/USD around 1.1400 post-German CPI

EUR/USD remained apathetic and within the upper end of the range near 1.1400 the figure following the release of German advanced inflation figures.

EUR/USD remains bid on data

The underlying positive tone in spot stays unchanged after auspicious flash inflation figures in Germany showed consumer prices are expected to rise at an annualized 1.6% (from May’s 1.5%) and 0.2% inter-month (from -0.2%).

Consumer prices gauged by the broader HICP followed suit, seen rising 1.5% over the last twelve months and 0.2% on a monthly basis, vs. forecasts for 1.3% and -0.2%, respectively.

Looking ahead, the greenback should grab attention in light of the releases of Q1 GDP and Initial Calaims seconded by the speech by St. Louis Fed J.Bullard (2019 voter, centrist).

EUR/USD levels to watch

At the moment, the pair is gaining 0.25% at 1.1407 facing the next up barrier at 1.1434 (high Jun.24 2016) seconded by 1.1466 (high Apr.12 2016) and finally 1.1616 (high May 3 2016). On the other hand, a break below 1.1292 (low Jun.28) would open the door to 1.1232 (10-day sma) and then 1.1117 (low Jun.20).