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EUR/USD: analysis and forecast on 25.03.2015

EUR/USD dropped to a level of 1.0890 on Tuesday after publication of positive economic statistics for the USA. The consumer price index reached a level of 0.2% month-on-month, amounting to 0.0% year-on-year. Core consumer price index excluding food and energy prices also reached a level of 0.2% month-on-month instead of the expected 0.1%, and 1.7% year-on-year, instead of 1.6%. New homes sales grew by 539 thousand exceeding experts' expectations as well. 

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