Euro-Zone CPI Unchanged 0.2% In May , EURUSD Consolidates Below Resistance !

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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.

Euro-Zone CPI Unchanged

 

MARKET DATA

UPCOMING ECONOMIC EVENTS