Euro dropped about -0.34% last day as the macro economic releases came out to be in the favor of the USD bulls regardless of the worst than expected CPI releases. The EUR/USD surges above the descending channel last week reaching 1.13480 but failed to break above the strong support turned resistance at 1.13400.The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.1% to 96.925 after rising more than 0.3% overnight.Data released on Wednesday showed U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to lower interest rates this year. The US Jobless claims which is expected to release today in couple of hours is predicted as 216K vs 218K. The decrease in number for the US jobless claims would turn out to be in favor of the USD bulls trapping EURUSD again inside the Descending channel.