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Forex pairs in this Article » EUR/USD (New York) - The EUR/USD foreign exchange rate has bounced off session lows Tuesday (1.3083), rallying back above the 1.3100 barrier during US trading.

Earlier today in the United States, Durable Goods Orders (May) grew +3.6%, beating expectations of only +3.0%. Moreover, Durable Goods ex-Transportation (May) were reported at +0.7%, exceeding estimates of 0.0%. Finally the Housing Price Index (MoM) came in at +0.7%, compared with a figure of +1.5% previously.

EUR/USD pares losses

Following the recent recovery, the EUR/USD is still operating in negative territory at 1.3105, down -0.05% thus far. Technically speaking, analysts identify the next short-term measures of support at 1.3075, then 1.3025, and 1.2990. Meanwhile, resistance lies ahead at 1.3160, onto 1.3195 and 1.3245.

EUR/USD focuses on drop below 1.3115

According to the Technical Analyst Team at, “The EUR/USD remained in a narrow range yesterday and stabilized around 38.2% correction at 1.3115. Prolonged stability below this level might push the pair towards the key ascending support around 1.2970 that carried the pair from the trough at 1.2039.”
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