EURUSD has broken below the support level at 1.0943 and has continued its downward movement from 1.1275, reaching as low as 1.0917. As long as the price remains below the descending trend line on the
Inflation in Germany, as tracked by the Consumer Price Index (CPI), matched estimates and ticked higher to an annualized 3.7% in December, up from 3.2% in the previous month.
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