The euro has recovered about 15 pips after the German HICP report. Overall inflation was +0.1% compared to 0.2% expected but the market tends to move on the regional data rather than the national figures.
Chatter about offers at 1.1920 and 1.1950.
In the broader sense, the US dollar has also run into some selling and that’s helped to draw a line under the euro after a fall to 1.1887.
Lots of eyes on the opening spike low to 1.1864 and move expect it to be tested again.
