The euro pared gains against the U.S. dollar on Friday, pulling away from session highs as euro zone inflation data released earlier in the session dampened demand for the single currency. EUR/USD pulled away from 1.2490, the session high, to hit 1.2472 during U.S. morning trade, still up 0.05%. The pair was likely to find support at 1.2400, the low of November 25 and resistance at 1.2571, the high of November 21. Sentiment on the euro remained vulnerable after official data earlier showed that euro zone consumer price inflation ticked down to an annualized rate of 0.3% this month from 0.4% in October, in line with expectations. Core consumer price inflation, which excludes food, energy, alcohol and tobacco, remained unchanged at an annualized 0.7% in November, in line with market estimates. The rate has now been below 1% for 13 straight months, well under the ECB’s target of near but just under 2%. The data was seen as increasing the likelihood that the ECB will implement additional stimulus measures in an attempt to spur growth and inflation in the euro area. A separate report showed that the euro zone’s unemployment rate remained unchanged at 11.5% last month, in line with expectations. Earlier Friday, official data showed that German retail sales rose 1.9% in October, beating expectations for a 1.7% gain. The change in retail sales in September was revised to a 2.8% decline from a previously estimated 3.2% drop. Meanwhile, in France, data showed that consumer spending fell 0.9% in October, compared to expectations for a 0.2% rise. September’s consumer spending was revised to a 0.5% slip from a previously estimated 0.8% decline. The euro was higher against the pound, with EUR/GBP gaining 0.40% to 0.7955. Sterling came under pressure after the Nationwide Building Society reported on Friday that U.K. house price inflation rose 0.3% in November, less than the expected 0.4% increase, after a 0.5% gain the previous month. Year-on-year, U.K. house prices rose 8.5% this month, slightly below expectations for an increase of 8.6%, down from a 9.0% rise in October.