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German Prelim CPI m/m Is Expected To Be Released As Negative

News Date: 28/9/2014 22:32:03
 

Change in the price of goods and services purchased by consumers is expect to decrease today in Germany from 0.0% to -0.1%, with the start of a new week this release will show the direction of EURUSD during all this week.

During the 11 past weeks EURUSD fall from the resistance level 1.36 all the way reaching 1.26 and at 1.265 we have support from 2012, also on weekly chart EURUSD is extremely oversold and need to correct. In case news came in green than the EURUSD might jump above 1.28 as a correction toward 1.29 and in case news came as expected bad than EURUSD might pass the support 1.265

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