EUR/USD unchanged post-German data

FXStreet (Edinburgh) - EUR/USD keeps the 1.1430/20 area after the release of German data on Friday.

EUR/USD consolidates above 1.1400

The pair remains within the intraday range after preliminary Q4 GDP figures in Germany showed the economy has expended more than estimates 0.7% inter-quarter and 1.6% over the last twelve months, up from previous readings at 0.1% and 1.2%, respectively. Further data showed wholesale prices contracting 0.4% MoM and 2.6% on a yearly basis during January.

EUR/USD key levels

As of writing the pair is advancing 0.08% at 1.1419 with the immediate hurdle at 1.1466 (hourly high Feb.6) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a breach of 1.1390 (21-d MA) would open the door to 1.1378 (10-d MA) and then 1.1303 (low Feb.12).