EUR/USD: Trading Near Range Base After German Output Fall

A dismal series of data from the Euro Zone has been completed by the latest German Industrial Production numbers. Falling 0.3% on the month the output data has completed a "disappointment whitewash" for the morning. EUR/USD trades near its European morning range-base at 1.2750 in the wake of the release but with the Dollar hampered by election woes the pair looks limited in its ability to break any lower. Bids are seen trailing to 1.2745 while option barriers up at 1.2800 will cap should the Euro rally.