EUR/USD stuck within range post-data, around 1.1170

EUR/USD is now extending its sideline pattern around 1.1170 following results in the euro area.

EUR/USD now looks to German CPI

The pair keeps the tight range after releases in the euro area have come in below expectations for the current month.

Business Climate and Services Sentiment have missed estimates at 0.0 and 10.0, respectively, while Consumer Confidence dropped further to -9.0 from July’s -7.9.

Next on tap will be regional and national advanced inflation figures in Germany for the month of August, while the S&P/Case-Shiller index and CB’s Consumer Confidence are due later in the NA session.

EUR/USD levels to watch

The pair is now losing 0.16% at 1.1170 and a breakdown of 1.1156 (low Aug.29) would target 1.1119 (200-day sma) en route to 1.1043 (low Aug.5). On the other hand, the next up barrier aligns at 1.1204 (2014-2016 resistance line) followed by 1.1367 (high Aug.18) and finally 1.1434 (high Jun.24).