A pack of the US data was released at 1:30 pm GMT. PCE inflation for December matched estimate and accelerated to 1.6% YoY. Reading for November has been revised lower from 1.5% YoY to 1.4% YoY. Personal spending increased 0.3% MoM as expected. However, personal income disappointed slightly as it came in at 0.2% MoM (expected 0.3% MoM). The release did not have much of an impact on EURUSD and the pair continues to test 1.1050 handle. The nearest major resistance can be found at 1.12 handle while 1.10 remains key support.
Source: xStation5
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