EURUSD trades back below 1.11 after German statewide CPI

EURUSD trades back below the 1.11 handle after a big deceleration in German statewide CPI data.

Out of the 6 statewide releases, 5 of them printed new cycle lows, the only one that didn’t print with a new cycle low was Sachsen.

This article was written by Arno V Venter at www.forexlive.com.