The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
Euro-Zone CPI remains unchanged 0.2% as previous month , the indicator was expected to remain unchanged 0.2% in the last month.
Euro Zone Core CPI rose 1.0%, from 0.8% in the previous month , the indicator was expected to remain unchanged 0.8% in the last month.
Market Impact : This development could bring recovery to test the nearest resistance levels , which come at the 1.0965/1.0985 levels where rejection is strongly suggested , however, further upside , resistance comes at the 1.1035 levels ahead of the 1.1077 levels.
On the downside support comes at the 1.0935 levels where a clear break will look for the 1.0865 levels ahead of the 1.0800 levels.