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Forex: EUR/USD dips to lows ahead of German inflation

The shared currency is printing fresh session lows in the area of 1.3010/15 on Tuesday, ahead of the German inflation figures due later. Prior surveys expect the CPI to post an annual rise of 1.5% during February, a tad lower than January’s +1.7%. Wholesale Prices are estimated to rise 0.3% on a monthly basis.

At the moment, the cross is down 0.22% at 1.3015 with the next support at 1.2956 (Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.1).
On the upside, a breakout of 1.3044 (MA10d) would bring 1.3126 (MA100d) en route to 1.3135 (high Mar.8).

Forex: EUR/USD firmer above 1.30

EUR/USD has not been moving much for the week so far, trading circa 1.3030, just a tiny +0.21% from previous weekly close Friday, after a bounce off Monday's weekly low at 1.2978. The pair remains limited below key 50% Fibo retrace of Friday's steep fall following the best NFP figure in 12 months, taking unemployment rate to its lowest in 4 years.
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Germany Wholesale Price Index (MoM) down to 0.1% in Feb; 1.4% (YoY)

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