The pair bottomed at 1.3065 following the data and managed to bounce up although the 1.3130 area capped the recovery confining EUR/USD to sideways consolidation within the last hours.

At time of writing, EUR/USD is quoting around 1.3110, still down 0.3% on the day. The Euro is on track to close the week with modest losses, as despite several attempts to break and hold above 1.3200 within the last days, it has been constantly rejected from those levels.

In terms of technical levels, immediate supports are seen at 1.3070, 1.3020 and 1.2980, while next resistances could be found at 1.3140, 1.3185 and the 1.3200/10 area.