FXstreet.com (Barcelona) - After a sudden spike lower, to 1.2775 session low, the Euro is picking up against the Dollar, reaching levels above 1.2800 following US Retail sales and CPI figures which have shown readings in line with expectations.
EUR /USD is trading at 1.2810 area with immediate support at 1.2770/75 (session low Aug 12 low), and below here, 1.2735 (Jul 21 low) and 1.2680 (Jul 14 low). On the upside, resistance levels lie at 1.2905 (session high), and above here, 1.2933 (Aug 12 high), and 1.2980/90.
US Consumer Prices Index has increased at a 0.3% pace in July, while the Core CPI, excluding food and energies, edged 0.1% up on the month. Retail sales have increased 0.4% in July, figures broadly according to market consensus.
