EUR/USD deflates to 1.1100 post-US data

The shared currency is testing the negative territory in the wake of US releases, now sending EUR/USD back to the 1.1115/20 band.

EUR/USD erodes gains on data

Sellers are now putting the pair under pressure after US Retail Sales have surprised investors to the upside, expanding 0.6% during June vs. 0.2% initially estimated; Sales stripping the Auto sector have followed suit, up 0.7%.

Further data saw US inflation figures gauged by the CPI rising 0.2%, below consensus, while Core CPI rose 0.2%, in line with forecasts.

Next on tap will be the Reuters/Michigan index seconded by Industrial Production and Capacity utilization.

EUR/USD levels to watch

The pair is now losing 0.07% at 1.1113 and a breakdown of 1.0999 (low Jul.8) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10). On the flip side, the next hurdle lines up at 1.1166 (high Jul.14) followed by 1.1184 (high Jul.5) and finally 1.1207 (base of the 6-month rising channel).