FXStreet (Edinburgh) - The single currency continues to trade on a firm footing vs. the US dollar at the end of the Asian session on Wednesday, taking EUR/USD to the 1.1290/95 band.
EUR/USD attention to EMU, US CPI
Spot is coming from weekly lows in the mid-1.1200s posted yesterday, managing to clinch the 1.1300 neighbourhood, although a more sustainable break above it still remains elusive.
The pair will remain vigilant on the final inflation figures in the euro area during August, expected to have risen 0.2% on a yearly basis and to come in flat inter-month.
Across the pond, the last significant release before tomorrow’s FOMC meeting will be August’s CPI, with the headline print seen at 0.2% YoY and core prices at 1.9% YoY.
EUR/USD key levels
The pair is advancing 0.15% at 1.1286 and a breakout of 1.1374 (high Sep.14) would open the door to 1.1498 (high Aug.23) and finally 1.1523 (high Aug.27). On the flip side, the next support lies at 1.1263 (low Sep.16) ahead of 1.1253 (low Sep.11) and then 1.1147 (low Sep.9).
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