German CPI 0.0% vs -0.1% Forecast , EURUSD Remains Under Pressure !

Forex G trade
Forex G trade

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

The German Consumer Price Index fell 0.0% , from 0.2% in the previous month , the indicator was expected to fall to -0.1% in the last month.

Year-Over-Year German Consumer Price Index remains unchanged 0.2% as last read and as expected.

Market Impact :As long as 1.1282 resistance holds on a 4 – hour closing basis, the pair remains under pressure , a clear break below 1.1253 will open 1.1117 levels. On the upside, a clear break above 1.1282 will open 1.1479 before the next fall.

German CPI 0_0