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EUR/USD is trading near its highest level in months after a bullish breakout pushed the pair above key resistance. Bond-market volatility, US consumer data, the PCE inflation gauge and European flash inflation figures now sit at the center of the next move.

EUR/USD remained largely unchanged on Wednesday as traders waited for inflation releases from Germany, Italy and the United States. Technical traders are watching a developing bullish flag, with 1.1650 and 1.1450 emerging as the key near-term levels.

EUR/USD remained boxed in near 1.1373 as traders balanced a pause in US-Iran attacks against upcoming US and European data. Technical traders are watching whether the pair can hold above June support or extend its slide below key resistance levels.