EURO ZONE CPI (YoY) Forecast (Dec)

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Outlook in EURO ZONE CPI (YoY) remains on the downside as long as 0.5% :0.7%  level holds , and further decline below 0.0% levels is expected …

However ; we have 3 scenarios for today :

1- Any upside move should be limited by 0.5%:0.7%  levels , so any reading within this range , will keep the EUR under pressure and further decline should be seen even in case of recovery !

2- Any upside move above 0.7% levels will override the nearest resistance and could bring strong rebound before the next resistance comes at the 1.2% levels.

3- Any reading below 0.3% will keep the EUR under heavy pressure with risk for more decline …

It will be published today at 10:00 GMT..
EURO ZONE CPI (YoY) Forecast (Dec)




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