EUR/USD finds support around 1.1210

The daily downside in the single currency seems to have found decent support in the 1.1215/10 band, now pushing EUR/USD to the vicinity of 1.1230.

EUR/USD looks to US data

The pair lost almost a cent since overnight tops in the boundaries of 1.1300 the figure following the negative performance from yields in the German Bunds, with the 10-year benchmark briefly testing sub-0% levels for the first time.

Later in the NA session, US advanced Retail Sales will take centre stage, with consensus expecting a monthly gain of 0.3%. Previously in the euro area, Industrial Production and Employment Change have both surpassed estimates, although markets have largely bypassed the results.

EUR/USD levels to watch

The pair is now retreating 0.56% at 1.1229 and a break below 1.1160 (up trend from March low) would open the door to 1.1101 (200-day sma) and finally 1.1096 (low May 30). On the flip side, a the next up barrier aligns at 1.1313 (55-day sma) followed by 1.1417 (high Jun.8) and then 1.1448 (high May 11).