Forex: EUR/USD little changed after EMU CPI

FXstreet.com (Barcelona) - Muted reaction in the EUR price action after the inflation figures in the euro zone showed that the CPI rose 0.4% MoM during December, and 2.2% over the last twelve months, matching estimates. The Core reading rose slightly above the previous print, 1.5% vs. 1.4%.

Next on tap will be the US CPI and the industrial production, ahead of the Fed's Beige Book due in the European evening.

As of writing, the pair is down 0.25% at 1.3271 with the next support at 1.3265 (low Jan.15) ahead of 1.3249 (low Jan.11) and finally 1.3201 (MA21d).
On the upside, a breakout of 1.3373 (Upper Bollinger) would aim to 1.3404 (high Jan.14) and then 1.3487 (2012 high Feb.24).