Annual Eurozone inflation in April 2017 was 1.9%, rebounding from 1.5% level in March, in line with analyst expectations and preliminary publications. CPI inflation of the whole euro area also increased (from 1.6% to 2.0%).
As expected, readings that overlap with market consensus did cause virtually no reaction to the pairs with the EU currency.
Below you will also see a glimpse on inflation in each of the EU countries:
In the first reaction to data EURUSD moved by about 10 pips up, previously drawing a bearish candle on H1 chart under 78.6% Fibonacci abolition and round level 1.1100:
