EUR/USD around 1.1200 post-US data

EUR/USD keeps the 1.1200 neighbourhood following further releases in the US docket on Friday.

EUR/USD gains capped near 1.1250

After a brief visit of session highs near 1.1250, the pair seems to have now parked around the 1.1200 handle, practically ignoring the release of US Factory Orders.

In fact, Factory Orders have expanded at a monthly 1.9%, missing estimates for a 2.0% gains although reverting June’s 1.8% contraction. Orders stripping the Transportation sector have gained 0.2% vs. 0.4% from the previous month.

EUR/USD levels to watch

The pair is now up 0.05% at 1.1203 facing the next hurdle at 1.1252 (spike post-NFP Sep.2) followed by 1.1367 (high Aug.18) and then 1.1434 (high Jun.24). On the other hand, a breach of 1.1128 (low Aug.30) would target 1.1127 (200-day sma) en route to 1.1043 (low Aug.5).