EUR/USD wobbles around 1.12 on US data

The common currency remained apathetic after today’s US releases, with EUR/USD hovering over the 1.1200 handle.

EUR/USD muted post-PCE

The pair kept the composure after US inflation figures tracked by the Core PCE have matched expectations during June, rising 0.1% inter-month and 1.6% over the last twelve months.

In addition, Personal Income rose 0.2% during the same period, missing initial forecasts, while Personal Spending rose above expectations 0.3% on a monthly basis.

Spot keeps its weekly gains around the 1.1200 handle, although gains appear so far capped around today’s tops near 1.1220.

EUR/USD levels to watch

The pair is now gaining 0.29% at 1.1195 facing the initial hurdle at 1.1208 (high Aug.2) followed by 1.1237 (100-day sma) and then 1.1280 (base of the 8-month rising channel). On the flip side, a breakdown of 1.1078 (200-day sma) would target 1.0950 (low Jul.25) en route to 1.0913 (post-Brexit low Jun.24).