German inflation continued to decline in April, strengthening the position of those members of the European Central Bank who favor further interest rate cuts. The publication preceded the release of general inflation data for the eurozone, which is expected on Friday. According to the forecast of economists, inflation in the currency union will also decline.Against this background, confidence is growing among representatives of the ECB in the possibility of reducing the rate already in June. However, core inflation, which does not take into account fluctuations in energy and food prices, on the contrary, increased, which may require greater caution in decisions on monetary policy.The publication of data in conjunction with the general trend to strengthen the dollar against a basket of currencies put pressure on the pair EUR/USD. Quotes are testing the support area: 1,1200-1,1300.