EUR/USD muted on EMU’s CPI, near 1.1150

The shared currency kept the composure after EMU’s inflation figures, taking EUR/USD to the mid-1.1100s for the time being.

EUR/USD clings to gains on poor CPI

The pair stayed apathetic after flash inflation figures in the euro area have come in below expectations for the current month.

Consumer prices in the euro region are expected to rise at an annualized 0.2%, while Core prices are seen rising 0.8% on a yearly basis, vs. forecasts at 0.3% and 0.9%, respectively.

Further data saw the unemployment rate in the bloc at 10.1% during July, missing consensus for a drop to 10.0%.

In the meantime, spot is looking to keep its small daily gains as the greenback’s upside seems to be taking a breather today.

EUR/USD levels to watch

The pair is now up 0.04% at 1.1147 facing the next hurdle at 1.1197 (2014-2016 resistance line) followed by 1.1367 (high Aug.18) and finally 1.1434 (high Jun.24). On the flip side, a break below 1.1128 (low Aug.30) would target 1.1121 (200-day sma) en route to 1.1043 (low Aug.5).