German CPI Falls -0.1% In Jun , EURUSD Halts Gains !

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 -0.1% , from 0.1% in the previous month , German CPI was expected to remain unchanged 0.1% last month.

(Year-Over-Year)  German Consumer Price Index fell 0.3%, from 0.7% in the previous month, (YoY)German CPI was expected to fall to 0.5% last month.

Market Impact : EURUSD open on a big bearish gap this early morning, the pair rebounded on positive Spanish CPI and almost covered the GAP. Immediate resistance comes at the 1.1132 levels (broken support ) , stability below this level on a 4-hour closing basis could mean a return to the  1.1057 levels, further down support comes at the 1.0953 levels.On the upside, a clear break above the 1.1132 levels will suggest short term bottoming and open the 1.1235 levels before the next possible fall.

Now , focus will be on U.S Pending Home Sales  at 14:00 GMT

German CPI