Spain Consumer Price Index (MoM) increase to 0.2% in Feb; 2.8% (YoY)

The EUR/USD rebound is now happening: “This has yet to test the 1.3115/35 accelerated downtrend and Fibonacci retracement and we continue to look for failure in this zone”, wrote analyst Karen Jones, pointing to a directly offered market while capped here and initial support at 1.2914 (55 week ma) and then 1.2885/76 – the 7th December low and 78.6% retracement.