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Euro down in an uneventful European part of the session

Friday, Mar 27 2015
It is an uneventful morning part of Friday's session with only minor importance German Import Prices data being released. As reported by the Federal Statistical Office the index of import prices decreased by 3.0% in February 2015 compared with the corresponding month of the preceding year. In January 2015 and in December 2014 the annual rates of change were –4.4% and –3.7%, respectively. 
 
From January 2015 to February 2015 the index rose by 1.4%. Analysts were predicting 0.5% incline.  The index of import prices, excluding crude oil and mineral oil products, increased by 0.8% compared with the level of a year earlier.  The index of export prices increased by 0.7% in February 2015 compared with the corresponding month of the preceding year. In January 2015 and in December 2014 the annual rates of change were +0.4% and +0.1%, respectively. From January 2015 to February 2015 the index rose by 0.3%. 
 
Euro is currently being traded around 1.0820 area. Pair is likely to find support around 1.0750 and resistance above 1.0870 area. Later today,in the US session, Final GDP and Revised Consumer Sentiment figures are scheduled for a release.
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