The EUR/USD is finding support ahead of U.S. CPI data
The EUR/USD was flat and held in between 1.1300 and 1.1345 as investors await new economic data to be released today.
US economic data started improving on rising energy prices. Better inflation reports will boost expectations of Fed rate hike in June, thus putting pressure on the EUR/USD.
Breaking 1.1300 will pave the way toward near-term support points 1.1275, 1.1235 and 1.1212.
However, the EUR/USD needs a push above 1.1355 in order to trigger an upward move toward 1.1375 and 1.1395 respectively.
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