FXStreet (Edinburgh) – The shared currency remained apathetic after the final EMU’s CPI, with EUR/USD keeping the range near 1.1260/65.
EUR/USD down from 1.1290
The pair has given away earlier gains to the boundaries of the key handle at 1.1300 after the bullish attempt lost vigour. In addition, the offered tone in EUR/GBP following the upbeat release of the BoE minutes keeps exerting downside pressure on the pair and capping the upside.
In the data space, EMU’s final inflation figures during May posted no surprises, with headline consumer prices rising at an annual pace of 0.3% and Core prices advancing 0.9% during the same period.
EUR/USD relevant levels
As of writing the pair is up 0.21% at 1.1271 with the next resistance at 1.1293 (high Jun.17) ahead of 1.1331 (high Jun.16) and finally 1.1334 (high Jun.11). On the flip side, a breakdown of 1.1239 (low Jun.17) would open the door to 1.1205 (low Jun.16) on its way to 1.1189 (low Jun.15).
(Market News Provided by FXstreet)