Eurozone Final CPI: 18 July EURUSD Impact Analysis

When are the Eurozone final CPIs and how could they affect EURUSD? Find out from the following 18 July EURUSD Impact Analysis.

18 July, OctaFX – Eurostat will publish the Eurozone’s inflation final estimate for June at 0900 GMT today. Consumer prices are seen arriving at 2% on a yearly basis, confirming the flash estimate. While the core figures are expected to come in at 1% same as that reported in the first readout.

On a monthly basis, the CPI figure for June is seen sharply lower at 0.1% versus 0.5% previous while the core CPI is also expected to come in softer at 0.1% versus 0.3% last.

Deviation impact on EURUSD

Readers can find FX Street’s proprietary deviation impact map of the event below. As observed the reaction is likely to remain confined between 10 and 40 pips in deviations up to 1.5 to -3, although in some cases, if notable enough, a deviation can fuel movements of up to 50 pips.

Eurozone Final CPI: 18 July EURUSD Impact Analysis

On better readings, the EUR/USD pair could head back towards

“1.1654 is the convergence of the Simple Moving average 10-1h, the SMA 50-15m, the one-day high and the SMA 5-1h. A minor line is 1.1641 which is the SMA 10-15m and the Fibonacci 38.2% one-month. Looking down, the road is smoother.

Some support awaits at 1.1589 which is the meeting point of the Fibonacci 23.6% one-month and the Pivot Point one-day Support 2. Lower, some support awaits at 1.1557 which is the Bollinger Band one-day lower before the 2018 nadir of 1.1508. All in all, it is clear to see that rising is harder than falling.”

FXStreet’s Analyst Yohay Elam explains.

About Eurozone final CPIs estimate

The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the EuroZone.

Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).


This article about 18 July EURUSD Impact Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Share Your Opinion, Write a Comment