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Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD continues to trade little changed near daily lows after US PPI for June showed that inflation remains contained in most sectors of the economy.

EUR/USD makes marginal new low

EUR/USD moved only slightly higher after the data, rising to the 1.3045 zone resuming the downside and hitting fresh daily lows. At time of writing, EUR/USD is trading at the 1.3025 zone, having printed a low of 1.3020 so far.

"US PPI is on the strong side thanks to energy prices, the core figure at 0.2% altogether more subdues and not even the algos seem in a hurry to get too involved with this one", says the FXMarketAlerts Team. "We still have Michigan CSI to come (4CAST 81.5 from 84.1), but the market has had all the excitement it wants this week".

EUR/USD technical levels

In terms of technical levels, if EUR/USD breaks below 1.3020, next supports are seen at 1.3000 (psychological level) and 1.2935 (100- and 200-hour SMA), while on the flip side, resistances could be found at 1.3100 (psychological level) and 1.3145 (Jul 11 intraday resistance).
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