The latest flash inflation estimates for the eurozone were more or less in line with estimates.
Headline inflation rose 1.4% but core inflation was up just 1.1%, down by a 0.1 percentage point. The advance GDP report for Q4 2019 was a tad weaker, rising just 0.1% compared to estimates of a 0.2% increase.
EUR/USD Maintains the Bullish Upside
The common currency quickly reached past the initial resistance level of 1.1072 to close on Friday at 1.1095.
The gains come following a decline to the psychological support area of 1.1000. But the question is whether the EURUSD can maintain the upside. The next main resistance is at 1.1100 followed by 1.1131.
