After three days of going down, Euro-Dollar is flat today, hovering around 1.06

Struggling to find upward momentum, EUR/USD has shed 8 pips to currently trade at 1.06 as it ranges between 1.0582 and 1.063 so far today.

United States's Crude Oil Inventories new data released of 7.65 million below its previous figure.

Highly important Business Climate Index data from Germany beat analyst expectations of 91.4 with a reading of 91.1.

Amid the market gloom, Euro Zone Consumer Price Index came out at 8.6%, while a consensus of analysts was expecting 8.6%. Germany Consumer Price Index released yesterday at 07:00 UTC with a figure of 8.7%, while the previous figure was 8.1%.

In the meantime, negative performances are seen in other pairs, GBP/JPY withdraws 0.43% to trade around 161.78. EUR/JPY slumps 0.32% to trade around 142.59.

Though Euro-Dollar has been dropping, other pairs have been performing better: USD/CHF goes up 0.33% to trade around 0.933.

Furthermore, Germany GDP is expected tomorrow at 07:00 UTC. Germany GfK Consumer Climate (Mar) will be released tomorrow at 07:00 UTC. Germany GDP is expected tomorrow at 07:00 UTC.

Euro-Dollar is now trading 10.55% away from its significant low of 0.9596 first tested 4 months ago.