FXstreet.com (Barcelona) - More punishment fot the single currency on Wednesday, after September’s flash German inflation figures have come in lower than prior prints, although in line with estimates. CPI rose 0.0% MoM and 2.0% in a year through September. Same direction for the HICP, printing +0.0% MoM and +2.1% YoY, vs. +0.4% and +2.2% in August, respectively.

EUR/USD continues to trade in session lows around 1.2840, ahead of US New Home Sales (380K exp.) due later. Next resistance levels are located at 1.2825 (MA200d) ahead of 1.2823 (MA21d) then 1.2815 (low Sep.12) and 1.2753 (low Sep.11).
Resistance levels, on the other side, are located at 1.2913 (hourly high Sep.26) followed by 1.2971 (high Sep.25) then 1.2997 (MA10d) and 1.3059 (high Sep.20).