EUR/USD turns negative near 1.1250

The single currency is now losing its shine vs. the greenback, dragging EUR/USD to the area of 1.1250, or session lows.

EUR/USD offered post-data

The pair has resumed its decline after EMU’s inflation figures tracked by the CPI have come in pretty much in line with preliminary readings, with the exception of the headline print, which rose 0.4% MoM vs. 0.3% initially estimated.

Spot regained downside traction in response to a pick up in the demand for the greenback after markets participants seem to have already digested yesterday’s dovish tone from the FOMC meeting.

EUR/USD levels to watch

The pair is now losing 0.06% at 1.1254 and a break below 1.1190 (low Jun.14) would expose 1.1164 (up trend from March low) and then 1.1096 (low May 30). On the other hand, the initial up barrier aligns at 1.1312 (55-day sma) ahead of 1.1417 (high Jun.8) and finally 1.1448 (high May 11).