Euro firm above $1.09, Euro zone CPI in focus

• Pair is well supported above $1.09 level, made intraday high at $1.0948, low at $1.0882 marks.
   
• Intraday bias remains bearish below $1.0967 levels.
   
• A break of $1.0900 level may drag the parity towards $ 1.0782 and $1.0711 thereafter.
   
• Alternatively, top side resistance levels are seen at $ 1.0982, $1.1023 and $ 1.1080 marks.
• Many key economic figures are expecting from the euro zone including the CPI flash estimates.

We prefer to take short position in EUR/USD around $1.0935, stop loss $1.0982 and target $1.0821.