The US inflation data is coming up in a few hours. The CPI and core CPI, as well as the unemployment claims will be released at 12:30 GMT. The unemployment or the employment numbers have been solid so we don´t expect anything there, the inflation figures are the ones to watch. Yesterday the inflation, seen from the producers side declined by 0.1% so the consumer inflation numbers today will be important. Meanwhile, EUR/USD touched 1.1230s today but has recovered about 30 pips in the last hour.

 EUR/USD touched the 100 smooth MA which has held in the first attempt