Currently trading at 1.073, EUR/USD remains range-bound between 1.0678 and 1.0737.
Meanwhile, Germany Factory Orders beat analyst expectations of -2.2% and the previous reading of -10.9% with new data of -0.4%. United States ISM Non-Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9. Euro Zone Composite PMI came out at 52.8, while a consensus of analysts was expecting 53.3.
Elsewhere, other currency pairs are also gaining ground as AUD/USD added 0.8% to its value, now trading at 0.6674.
While Euro-Dollar is up today, these currencies are lagging behind: EUR/AUD is down to 1.6079, losing 106 pips, after closing at 1.6185 in the preceding trading session. USD/CAD is down to 1.3404, losing 35 pips, after closing at 1.344 in the preceding trading session.
Also worthy of note, Euro Zone Retail Sales is projected to outperform its last figure with 0.2%. It previously stood at -1.2%; data will be released today at 09:00 UTC. Germany Industrial Production is projected to outperform its last figure with -1.3%. It previously stood at -3.4%; data will be released tomorrow at 06:00 UTC. Euro Zone ECB's De Guindos speech is scheduled for tomorrow at 07:50 UTC.
The currency pair has been trending lower for about a month. Euro-Dollar is now trading 3.23% away from its significant high of 1.1073 first tested a month ago.