FX : Eurozone CPI Estimate, 0.2% down in August; Euro recovery, halted
FXstreet.com (Barcelona) - Consumer prices have been estimated to a 0.2% decline in August, a somewhat sofer decline than the 0.3% forecasted by market analysts, and better then the 0.7% decline posted in July. The Euro pulled down slightly after Advanced CPI data was released.
EUR/USD recovery from 1.4255 low has been capped at 1.4300 as the Euro has pulled own to levels around 1.4285 after inflation data was released. At the moment, the Euro remains at 1.4290.
Resistance levels fr the Euro, lie at 1.4315 Asian session high, and above here, 1.4350 and 1.4390 (Aug 28 high). On the downside, support levels are 1.4250/55 (Session low), and in case of further decline, 1.4220 (Aug 27 low) and 1.4205 (Aug 26 low).
