EUR/USD lifts again after some higher than forecast German regional inflation

A short while ago we had the latest German unemployment report and that came and when without much of a reaction, as it was pretty much in line with forecasts. However, data released subsequent to that covering some of the many regional German CPI readings has beaten significantly on forecasts. That data showed a rise of 2.1% on an annualised basis, in contrast to a prior reading of just 1.4%. So, it seems that data has helped to push the Euro higher, versus the Pound and the dollar. The EUR/USD has just now hit a fresh session high, at 1.0859 as it moves closer to a test of the level identified here a few times already today, at 1.0869- 200 day moving average and that could prove a tough level to crack. We shall have to see on that. The EUR/USD is currently trading at 1.0852