Forex: EUR/USD dips to lows ahead of German inflation

The shared currency is printing fresh session lows in the area of 1.3010/15 on Tuesday, ahead of the German inflation figures due later. Prior surveys expect the CPI to post an annual rise of 1.5% during February, a tad lower than January’s +1.7%. Wholesale Prices are estimated to rise 0.3% on a monthly basis.

At the moment, the cross is down 0.22% at 1.3015 with the next support at 1.2956 (Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.1).
On the upside, a breakout of 1.3044 (MA10d) would bring 1.3126 (MA100d) en route to 1.3135 (high Mar.8).