FxWirePro: EUR/USD holds above 1.13 handle despite poor German PPI data
EUR/USD holds above 1.13 handle as we head into early European session Poor German PPI data ignored by traders, Germany Producer Price Index came in below forecasts at -1.7% y/y and -0.5% m/m in August (forecasts -1.5%, …
EUR/USD holds above 1.13 handle as we head into early European session
Poor German PPI data ignored by traders, Germany Producer Price Index came in below forecasts at -1.7% y/y and -0.5% m/m in August (forecasts -1.5%, -0.3% respectively)
EUR/USD takes support by 20 DMA at 1.1267, widespread risk aversion continues to boost the safe-haven status of the common currency
European stocks are expected to open in the red tracking the negative performance of the Asian indices, which could have a negative influence on the pair
EUR/USD has immediate resistance at 1.1320 (Session highs Sept 21) ahead of 1.1328 (Sept 15 High)
On the flip side, support is seen at 1.1287 (4H could top) below which it could extend losses to 1.1268 (Session low Sept 18 )
