German PPI (Apr) 0.1% vs 0.2% Forecast, EURUSD Could Dip To 1.1025 levels Today !

forex 653 min
forex 653 min

The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.The German PPI index remains unchanged 0.1% in April as the previous month, missing forecast at 0.2% .

This development will keep the pair under heavy pressure with risk to test the key support 1.1065 where a cut is very likely , however; If seen , look for 1.1025 levels as next target……..

In all, as long as the pair trades below 1.1130 resistance (broken support), further down towards 1.1025 is very likely┬átoday……

 

EURUSD_H4_May_20

 

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