Prior +0.2%
- PPI -1.2% vs -1.4% y/y expected
- Prior -1.7%
No inflationary pressure concealed here within the PPI, but there is at least a pick up from last months low in keeping with expectations.
Further Development
Analyzing the current trading chart of EUR, I found that there is the the rejection of the resistance trend line in the background, which is good sign for further downside.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Live Cattle and Oats today and on the bottom Natural gas and Lumber.
Key Levels:
Resistance: 1,1870
Support levels: 1,1755
