EUR/USD pulled back towards the 1.1600 level as traders reacted to U.S. inflation reports.
EUR/USD pulled back as traders focused on U.S. inflation data and reacted to Euro Area Economic Sentiment Index report. The report showed that Economic Sentiment increased from 35.3 in June to 36.1 in July, compared to analyst forecast of 37.8.
The nearest support level for EUR/USD is located in the 1.1575 – 1.1590 range. A move below the 1.1575 level will push EUR/USD towards the next support at 1.1450 – 1.1465.
