EURUSD: EU Consumer Price Index – Core meets Forecasts at 1.1% for June

[vc_row][vc_column][vc_column_text]A barrage of macro data from EU, here is the scorecard:

European Monetary Union Construction Output s.a (month over month) came in at -0.27 percent above expectations of -0.7%) in May

European Monetary Union Construction Output w.d.a (year over year) came in at 2%, missing expectations of 2.4% in May

Eurozone final CPI rises at 1.3 percent y/y in June, beating expectations

European Monetary Union Consumer Price Index – Core (month over month) came in at 0.4 percent above forecasts of 0.3 percent in June.

European Monetary Union Consumer Price Index – Core (year over year) meets expectations of 1.1 percent in June

European Monetary Union Consumer Price Index (year over year) came in at 1.3 percent above forecasts of 1.2 percent in June.

European Monetary Union Consumer Price Index (month over month) came in at 0.2 percent above forecasts of 0.1 percent in June.

EURUSD didn’t react on the news and trades at 1.1210, if the pair manages to hold the 1.12 area, traders will go long for a rebound up to 1.1237.[/vc_column_text][vc_column_text]Don’t miss a beat! Follow us on Twitter.[/vc_column_text][vc_single_image image=”9740″ img_size=”full” add_caption=”yes” alignment=”center” onclick=”link_image” title=”EURUSD Hourly Chart”][/vc_column][/vc_row]