Euro-zone inflation fell to 0.5% in May, lower than officially expected, and to the lowest level (already seen in March). Official expectations were for a year over year rise of 0.7% in prices in the preliminary release for May, the same as in April. However, the weak print of only 0.6% from Germany certainly lowered the expectations. Core inflation rose back up to 1% in April and a slide was expected here as well. The core number now fell to 0.7%, which matches the lowest levels. EUR/USD traded in a very narrow range just above 1.36 in the hours before the event, reflecting high tension. Just before the release, it dropped under 1.36. After an extension of the drop, the pair is somewhat recovering×¥ Better news comes from the unemployment rate, which drops to 11.7%. The pair dropped to 1.3585, a new cycle low, but from there is bounced. Mario Draghi said that the governing council feels comfortable to act in June if forecasts show a danger of low inflation for too long. The decision depends on forecasts for the medium term rather than short term figures, but it is important to remember that the surprising drop in inflation in October triggered a rate cut in November. You are welcome to join a webinar towards the critical ECB decision. The webinar is held today at 14:00 GMT, and registration is free here. Low support awaits at 1.3560. Resistance is at 1.3615, followed by 1.3650. For more, see the euro dollar prediction. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Webinar invitation: Preparing for the big ECB decision with Yohay Elam 8 years Euro-zone inflation fell to 0.5% in May, lower than officially expected, and to the lowest level (already seen in March). Official expectations were for a year over year rise of 0.7% in prices in the preliminary release for May, the same as in April. However, the weak print of only 0.6% from Germany certainly lowered the expectations. Core inflation rose back up to 1% in April and a slide was expected here as well. The core number now fell to 0.7%, which matches the lowest levels. EUR/USD traded in a very narrow range just above 1.36 in the hours before… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.