EUR/USD remains red after IPC on EMU

FXstreet.com (Edinburgh) - the common currency has practically ignored the preliminary figures for inflation in the bloc as a whole, with the EUR/USD overflying the region around 1.3500 after data.

EUR/USD indifferent to data

The pair remains in negative territory and within the intraday range after that prices to consumers in the euro area have been lower than the predicted, with the CPI rising 1.1% in terms annual and 1.0% in the underlying version, vs. previous estimates by 1.2% and 1.1%, respectively. Prices in the Italian economy have followed the same path, shrinking 0.3% MoM and up 0.9% in the last twelve months. In the opinion of Stoyan Mihaylov, analyst at DeltaStock.com, "obviously consolidation below 1.3568 scheme is still in development and my perspective is bearish again, attentive to a break from 1.3470 on way to 1.3390." Initial resistance is at 1.3510 followed by the crucial area 1.3570 ".

EUR/USD levels to consider

At the moment the pair lost 0.19% at 1.3495 and break under 1.3467 (min. sep.20) would point to 1.3462 (min. sep.25) and finally 1.3459 (23.6% of 1.3104-.13569). On the other hand, the initial resistance would find in 1.3565 (max. sep.27) followed by 1.3569 (max. sep.19) and 1.3598 (max. feb.5).

* FXstreet.es, news of currency *