According to ЕС Eurostat, consumer prices decline by 0.2% in November and by 4.3% in comparison with Dec 2010.
The price decline was mainly caused by lower prices on energy carriers (-0.4%). The prices on durable goods remained unchanged. In general producer prices increased by 2.7% in 2011.
According to the department of Masterforex-V Trading System , EURUSD keeps staying within a mid-term price range. A break above the local high 1.3217 will trigger sub-wave C(C ). In this case, the closes targets will be 1.3233, 1.3242, 1.3375, 1.3434. A break below 1.3031 will complete the rally, thus initiating a downswing – wave A/B.
