German Industrial Inflation Falls -1.2% in Aug, EURUSD Under Pressure !

Forex Iflation Erozone

German Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

The German Industrial Production fell -1.2%, from 1.2% in the previous month, the indicator was expected to fall to 0.2% in the last month.

Market Impact: This development puts the EURUSD under pressure, immediate resistance comes at the 1.1266 levels, stability below this level on an hourly closing basis could mean a push back lower, support comes at the 1.1225/1.1205 levels, with a break below the 1.1205 levels paving the way towards the 1.1175 levels.

On the upside, a clear break above the 1.1266 levels could extend gains beyond 1.1283 towards the 1.1295/1.1330 levels before the next fall.

German Industrial Inflation