Forex: EUR/USD at 1.3015, good German data

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Forex: EUR/USD at 1.3015, good German data

FITITOL--> FXstreet.com (Barcelona) - Industrial Production in Germany has risen much more than expected by 2.8%, more than 0.8% consensus in the monthly basis. The yearly basis turned positive, to 1.6% in March, although analysts expected a figure of -1.2%.

The German data isn’t triggering any sort of reaction in the EUR/USD as it plays steady around 1.3015 area.
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“Yesterday's bullish pressure has been lost and I favor a consolidation pattern above 1.2954 before one more sell-off towards 1.2860 static support”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to resistance at 1.3057, while the intraday bias is bearish.