The bloc currency eased some ground after the preliminary inflation figures in Germany for the month of October, dragging the EUR/USD near 1.3740. The pair is now hovering over the mid 1.3700s after the advanced headline CPI in the German economy extended the current disinflation trend, contracting 0.2% inter-month and expanding 1.2% on a yearly basis, below estimates and previous print at 1.4%. That was all the data from the euro bloc, clearing the path for the FOMC gathering this evening. “ Setting aside short term macro developments, EUR/USD continues to look rich to us at these levels (spreads still point to 1.32/33)”, noted G,Moore and S.Osborne, Strategists at TD Securities. The pair is now advancing 0.07% at 1.3756 with the next resistance at 1.3818 (high Oct.28) ahead of 1.3833 (2013 high Oct.25) and finally 1.3859 (high Nov.11 2011). On the flip side, a break below 1.3727 (MA10d) would expose the psychological level at 1.3700 followed by 1.3662 (low Oct.22).