EUR/USD muted post-CPI, near 1.1310

The single currency keeps the moderate gains on Thursday, sending EUR/USD to the 1.3115/10 band.

EUR/USD bolstered by USD-selling

The pair has retreated from daily highs around 1.1330 posted earlier in the session, although it keeps the buying interest intact in response to a continuation of the USD sell-off post-FOMC minutes.

Spot kept the composure despite final inflation figures for the month of July have contracted 0.6% on a monthly basis, a tad more than preliminary prints showed (-0.5%). On an annualized basis, consumer prices in the region rose 0.2%, matching estimates.

Later in the session, US Initial Claims and the Philly Fed are due followed by speeches by FOMC’s Dudley (voter, dove) and Williams (non-voter, neutral).

EUR/USD levels to watch

The pair is now advancing 0.15% at 1.1307 with the next hurdle at 1.1346 (61.8% Fibo of the May-June down move) followed by 1.1434 (high Jun.24) and then 1.1465 (78.6% Fibo of the May-June down move). On the downside, a breach of 1.1252 (2014-2016 trendline prev. resistance now support) followed by 1.1179 (38.2% Fibo of the May-June down move) and then 1.1161 (55-day sma).