German CPI - Saxony MoM: 0.4% v 0.1% previously

German Preliminary CPI

First piece of German CPI data trickles through:

• German CPI - Saxony MoM: 0.4% v 0.1% previously
• German CPI - Saxony YoY: 2.2% v 2.1% previously

A decent number to start to the overall release from one of the more significant states. EUR/USD is retesting this area of short term support turned resistance on the hourly, but it's pinging back up on the number as I type this:

It might actually retrace more of the Draghi move. USD is weak too remember.