The demand for the European currency accelerated today despite advanced inflation figures in Germany are expected below initial expectations in September when gauged by the broader HICP, reinforcing the idea that the current squeeze higher is exclusively USD-motivated. At the moment, the pair is gaining 0.41% at 1.1795 facing the next hurdle at 1.1811 (55-day sma) followed by 1.1879 (10-day sma) and finally 1.1908 (21-day sma). On the other hand, a breakdown of 1.1662 (low Aug.17) would target 1.1555 (100-day sma) en route to 1.1329 (low Jul.6).