EUR/USD fails once again near 1.1360, ECB minutes eyed

The renewed uptick in EUR/USD ran into stiff resistances located near 1.1360 region in the European session, now pushing the rate back towards the familiar region sub-1.1350 levels.

EUR/USD: Germany factory orders weigh?

The main currency pair is seen trading quote choppy so far this session, oscillating in a 30-pips range amid a lack of key catalysts, with all eyes set on the upcoming ECB minutes of the June monetary policy meeting.

Moreover, stalled USD selling amid some signs of recovery seen in the US yield also collaborates to the latest leg down in the major. Furthermore, worse-than expected German factory orders also continue to weigh negatively on the sentiment around the Euro.

The immediate focus now remains on the ECB minutes, while the ADP jobs, trade balance, jobless claims and ISM services will grab the eyeballs in the NA session.

EUR/USD Technical Levels

To the upside, resistance levels might lie at 1.1355/60 (stiff resistances), 1.1368 (Jul 5 high) and 1.1390 (Jun 28 high). On the flip side, support could be seen at 1.1313 (Jul 5 low), 1.1290 (Jun 28 low) and 1.1265 (May 23 high).