Euro slowed growth. Inflationary data on the Eurozone!

The single currency slowed growth due to the mixed data on inflation in the Eurozone.

• According to the published data, the consumer price index rose by 0.1% in November, exceeding the expectation at the level of -0.2%. On an annualized basis, the growth of the indicator remained at the level of 1.5%, which is lower than the forecast at the level of 1.7%.
• The basic consumer price index fell by -0.1%, against the expected growth of 0.2%. On an annualized basis, the growth rate remains at 0.9%, which is below the forecast at 1.0%.

Technical analysis: The pair EUR/USD moves in a downtrend on H1. The main support levels are 1,1740, 1,1720. The resistance levels are 1,1840, 1,1860.

Fig. EUR/USD. The current price is $ 1.1785.

Alexander Sivtsov