- The pair stays sidelined around 1.1600 on Friday.
- The greenback alternates gains with losses below 95.00.
- US Empire State index came in above expectations in June.
EUR/USD clings to the positive territory at the end of the week, following yesterday’s bearish outside day around the 1.1600 handle.
EUR/USD looks to data
The pair keeps the daily range so far today while the greenback is slightly in the red territory despite US NY Empire State index surprised to the upside at 25.0 for the month of June.
Spot came under heavy pressure on Thursday in the wake of the dovish ECB event, where the central bank kept its rates on hold and announced the end of the onoging bond-buying programme by December 2018.
On the USD-side, the greenback has been boosted to fresh YTD peaks earlier in the session, although renewed concerns over the US-China trade issues forced the index to shed some gains.
Later in the session, US Industrial Production is due seconded by the flash print of June’s Consumer Sentiment.
EUR/USD levels to watch
At the moment, the pair is gaining 0.35% at 1.1608 facing the next resistance at 1.1617 (low Jun.1) seconded by 1.1705 (21-day sma) and finally 1.1720 (10-day sma). On the other hand, a breakdown of 1.1508 (2018 low May 29) would target 1.1479 (low Jul.20 2017) en route to 1.1312 (monthly low Jul.5 2017).
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