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Prior +0.4%
Producer prices pick up further towards the end of last year and while that is a positive development in terms of price pressures, this is very much a lagging data point.
Further Development
Analyzing the current trading chart of EUR/USD, I found that there is still potetnial for the bigger drop on the EUR and test of 1,1810.
Key Levels:
Resistance: 1,2050
Support levels: 1,2810 and 1,1760
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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