FXstreet.com (Edinburgh) - The EUR/USD currency is flat-lining around 1.2780/90 on Wednesday, after German consumer prices matched expectations in June.

EUR/USD focus on FOMC minutes

No news from the inflation figures in Germany, with prices rising 0.1% inter-month and 1.8% on a yearly basis. Investors’ attention however, will be on the FOMC minutes due in the European evening. Market consensus expects a dovish tone By Chief Bernanke, alleviating the recent selling pressure surrounding the euro.

EUR/USD key levels

The pair is now up 0.07% at 1.2790 facing the next support at 1.2765 (weekly cloud base) ahead of 1.2755 (low Jul.9) and finally 1.2740 (2013 low Apr.4). On the flip side, a breakout of 1.2845 (prior intraday low) would open the door to 1.2898 (high Jul.9) and then 1.2916 (high Jul.5).