FXStreet (Edinburgh) - EUR/USD is now putting the 1.0900 support to the test after the release of the preliminary inflation figures in Germany for the current month. EUR/USD surrenders gains post-data, US docket on sight Spot is now hovering over the 1.0900 handle, down from session peaks near the 1.0930 area after advanced German CPI showed consumer prices are expected to have risen at an annual pace of 0.5% during January; the broader HICP measure expects prices to rise 0.4% YoY. Next of relevance for the pair will be US Initial Claims, Durable Goods Orders and Pending Home Sales. EUR/USD levels to watch The pair is now up 0.11% at 1.0904 and a breach of 1.0777 (post-ECB low Jan.21) would expose 1.0737 (38.2% Fibo of 1.0538-1.1059) and then 1.0709 (low Jan.5). On the upside, the initial barrier aligns at 1.0977 (100-day sma) followed by 1.1055 (200-day sma) en route to 1.1065 (5-month downtrend). For more information, read our latest forex news.