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    EUR/USD gearing up for 1.13 ahead of CPI

    The shared currency is extending its weekly gains vs. the greenback today, with EUR/USD looking to consolidate in the upper-1.1200s.EUR/USD eyes on CPI, US dataSpot is advancing for the second session in a row sustained by a softer tone in the greenback after the FOMC surprised markets with an unexpected dovish tone at its meeting on Wednesday.With the focus on the 1.1300 handle, market participants will now look to EMU’s final CPI figures due later, while inflation figures gauged by the CPI and the Philly Fed survey will be in the limelight across the pond.EUR/USD levels to watchThe pair is now advancing 0.30% at 1.1294 and a break above 1.1312 (55-day sma) would target 1.1417 (high Jun.8) en route to 1.1448 (high May 11). On the other hand, the immediate support aligns at 1.1190 (low Jun.14) followed by 1.1164 (up trend from March low) and then 1.1096 (low May 30).

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