EUR drops broadly, except versus CHF after inflation data missed expectations. Weakness is apparent in 4H row in the heat map.
Eurozone flash CPI slowed to 1.2% yoy in April, down from 1.3% Yoy and missed expectation of 1.3% yoy. CPI core performed even worse, dropped to 0.7% yoy, down from 1.0% yoy and missed expectation of 0.9% yoy.
Eurozone PPI rose 0.1% mom, 2.1% yoy in March, matched expectations.
The relatively neutral D action bias chart suggests that’s EUR/AUD is in consolidation.
Meanwhile, the 6H action bias chart indicates it’s having solid downside near term momentum, for 1.5773 support.
