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.
The Euro-Zone Consumer Price Index released unchanged 0.2% as previous month. Euro-Zone CPI was expected to remain unchanged 0.2%.
(Year-Over-Year) Euro-Zone Consumer Price Index also released unchanged 0.3% as previous month. Euro-Zone CPI (YoY) was expected to remain unchanged 0.3%.
Market Impact : No bad data means good data for EURO in general. This development is likely to keep the pair consolidating below the key resistance 1.1330 where strong rejection is very likely , main resistance comes at the 1.1385 levels. On the downside, support comes the 1.1209 levels, a clear break below this level will accelerate the bearish move towards the 1.1132 levels.