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28 Jan 2014
EUR/USD toying with 1.3670 on US data
FXstreet.com (Edinburgh) - Disappointing data from US Durable Goods Orders during December are currently pushing the EUR/USD back to the vicinity of 1.3670.
EUR/USD stronger after releases
The US Commerce Department informed that Durable Goods Orders contracted 4.3% on a monthly basis during December, coming in short of expectations for a gain of 1.8%. Stripping the Transportation sector, Orders also dropped 1.6%, down from November’s 0.1% advance. Next on tap in the US docket will be the Consumer Confidence, expected to remain unchanged at 78.1 for the month of January.
EUR/USD levels to watch
As of writing the pair is losing 0.02% at 1.3668 with the immediate support at 1.3615 (10-d MA) ahead of 1.3564 (daily cloud base) and then 1.3530 (low Jan.23). On the upside, a surpass of 1.3716 (high Jan.27) would target 1.3740 (high Jan.24) en route to 1.3776 (2014 high Jan.2).
EUR/USD stronger after releases
The US Commerce Department informed that Durable Goods Orders contracted 4.3% on a monthly basis during December, coming in short of expectations for a gain of 1.8%. Stripping the Transportation sector, Orders also dropped 1.6%, down from November’s 0.1% advance. Next on tap in the US docket will be the Consumer Confidence, expected to remain unchanged at 78.1 for the month of January.
EUR/USD levels to watch
As of writing the pair is losing 0.02% at 1.3668 with the immediate support at 1.3615 (10-d MA) ahead of 1.3564 (daily cloud base) and then 1.3530 (low Jan.23). On the upside, a surpass of 1.3716 (high Jan.27) would target 1.3740 (high Jan.24) en route to 1.3776 (2014 high Jan.2).