EUR/USD around 1.1330 post-US data

The single currency stayed apathetic vs. the buck following US releases today, with EUR/USD parked around the 1.1330 area.

EUR/USD muted on poor data

Spot kept the composure after US factory orders contracted more than expected in May, down 0.8% vs. a forecasted drop of 0.5%. Orders excluding the Transportation sector dropped 0.3% from April’s 0.1% gain.

The greenback also kept the daily range in the wake of the release, with the US Dollar Index deflating from daily tops near 96.30.

Ahead in the session, the FOMC minutes are next on tap. Investors should closely follow any hint on the potential timing of the Fed’s balance sheet as well as prospects of further tightening by the Fed in the next months.

EUR/USD levels to watch

At the moment, the pair is down 0.19% at 1.1328 and a break below 1.1313 (low Jul.5) would target 1.1290 (low Jun.28) en route to 1.1250 (21-day sma). On the flip side, the next up barrier is located at 1.1368 (high Jul.5) followed by 1.1448 (2017 high Jun.30) and finally 1.1466 (high Apr.12 2016).