Spanish CPI Falls -0.4% In Aug , Sell EURUSD On Rebound !

forex inflation 25 min
forex inflation 25 min

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

Year-Over-Year Spanish Consumer Price Index fell -0.4% , from 1.0% in the previous month , the indicator was expected to fall -0.1% in the last month.

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.

Spanish CPI Falls