EURUSD slightly bid on solid data but lacks firmer direction signal

The Euro holds slight bid tone at the beginning of the US session, pressuring again 1.1600 barrier, after EU Composite PMI came forecast in August (54.5 vs 54.4 f/c, but positive impact was partially offset by weaker than expected retail sales (Aug -0.2% m/m vs -0.1% f/c and 0.3% previous month.
However, repeated rejection at 20SMA, which proves to be solid support (1.1540), could be seen as initial signal of near-term bears losing traction and possible basing attempt.
Mixed signals from daily techs lack clearer direction signal, with near-term action holding between 20 and 55SMA and break of either pivot to point to fresh direction.
Res: 1.1615; 1.1629; 1.1660; 1.1690
Sup: 1.1540; 1.1517; 1.1479; 1.1466