The print sharply contrasts with the recent improvement in other key indicators, indicating that the worst of the crisis may not be over (even for Germany).
EUR/USD is advancing a modest 0.04% at 1.3124 as of writing. The next obstacle lies at 1.3205 (high Feb.3) ahead of 1.3235 (trend high Jan.27) then 1.3244 (38.2% of 1.4244 – 1.2624) and 1.3282 (low Dec.9).
On the downside, a violation of the psychological level at 1.3100 would expose 1.3089 (low Feb.7) then 1.3026 (low Feb.1) and 1.3000
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.