Mixed Data From Euro Zone, EURUSD Consolidates Around Support !

Forex EuroZone
Forex EuroZone

The German ZEW Economic Sentiment indicator fell from 53.3 to 41.9 in the previous month, analysts had expected it to make a small decline to 49.00…

Euro Zone Consumer Price Index remains unchanged as previous month at 0.0% , analysts had expected it to remain unchanged 0.0%.

Month-over month Euro Zone inflation data fell from 2.2% to 0.2% in the previous month, analysts had expected it to resale at 0.2%

These data from Euro Zone are likely to bring consolidation around support 1.1172 , however; I still expect strong support from the 1.1172/1.1130 levels to contain fall from the 1.1466 levels and bring rebound to the upside ..

 

EURUSD_H4_May_19

MARKET DATA

UPCOMING ECONOMIC EVENTS