Euro Zone CPI Down -0.1% In Sept, EURUSD Sees A pullback Before The Next Rise!

forex inflation 25 min
forex inflation 25 min

(Year-Over-Year) Euro Zone Consumer Price Index fell -0.1%, from 0.1% in the previous month, the indicator was expected to fall to 0.0% in the last month.

Market Impact:

The EURUSD found support at the 1.11210 levels on a 4-hour closing basis, below this level we have daily chart support at the 1.1185 levels, so any move below 1.1210 levels will open 1.1185 before the next rise (delay the bullish move). On the upside: a failure to hold below the 1.1210 levels on a 4 hour closing basis could mean a return to the 1.1260 levels ahead of the 1.1290 levels.

Conclusion : demand zone for today is 1.1210-1.1185 levels, buying the pair on dips still recommended..

 

 

MARKET DATA

UPCOMING ECONOMIC EVENTS