French CPI 0.2% vs 03% Forecast, EURUSD Tests Support !

forex pmi min
forex pmi min

The French Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.

The French Consumer Price Index rose to 0.2%, from 0.1% in the previous month , missing forecast at 0.3%.

This development puts the pair under pressure , eyes on the key support 1.1270 next, a halt is very likely, and rebound may seen from this level, however, a cut through the 1.1270 will confirm topping at the 1.1385 and open the 1.1177/1.1131 levels.

On the upside, stability above the 1.1270 levels on a 4- hour closing basis could mean a return to the 1.1385 levels.

 

French CPI

 

MARKET DATA

UPCOMING ECONOMIC EVENTS