Euro Zone CPI rises 0.3% in August, 0.2% down on year; Euro edges down

Consumer prices have increased 0.3% in the Euro Zone in August, while they fell 0.2% in the last 12 months; The Euro has edged down testing levels right below 1.4700 after CPI data.

EUR/USD has edged down from 9-month high at 1.4715 before CPI data to 1.4690 area, with next support levels at 1.4640/50, and 1.4625. On the upside , above 1.4700, resistance levels remain at 1.4720 (Dec 13 high) and 1.4740.