EURUSD TRADING HIGHER ON FRIDAY. CPI FLASH ESTIMATE IN THE EU IN LINE WITH THE MARKET EXPECTATIONS.
EURUSD dropped yesterday and closed at 1.2645. The German Preliminary Consumer Price Index remained flat in November. The GfK German Consumer Climate rose to a reading of 8.7 in November.
![Image](https://blog.hotforex.com/wp-content/uploads/2014/07/bullandbear-blog.jpg)
During his speech the President of the European Central Bank Mario Draghi urged the EU governments to implement economic reforms. He also cautioned that the unemployment, the lack of productivity and the structural reforms are the main risks surrounding the economy in the currency union.
Data released today showed that the CPI Flash Estimate in the Eurozone dropped to a level of 0.3 percent on an annual basis in November.
Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2487.
![Image](https://blog.hotforex.com/wp-content/uploads/2014/11/EURUSD-28-November-2014.jpg)
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