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Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD pulled back from session highs as the greenback recovered some ground in the wake of upbeat US consumer confidence data.

The EUR/USD bounced from a 5-day low and rose to the 1.3685 zone after disappointing US durable goods orders but retreated after a positive consumer confidence reading. At time of writing, the EUR/USD is trading at the 1.3660 area, 0.1% below its opening price.

EUR/USD technical outlook

From a technical perspective, Valeria Bednarik, chief analyst at FXStreet noted that short-term technical indicators maintain the negative tone seen earlier, which for now suggests there is not little room for further advances. "Overall, the pair maintains a choppy stance, as investors wait for tomorrow's FOMC decision and the possibility of another cut in QE before taking big chances", Bednarik added.
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