Forex: EUR/USD hovering over 1.2950 after US data
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EUR/USD
FXstreet.com (Barcelona) - The single currency has remained indifferent after poor US data out of the Durable Goods Orders, coming in flat on a monthly basis during October and rising 1.5% excluding the Transportation sector. Both prints are lower than September's +9.2% and +1.7%, respectively.
As we are closer to the NA open, the sentiment surrounding the euro remains subdued, retracing ground after posting highs in the area of 1.3010 on the Greek deal.
The cross is now losing 0.17% at 1.2949 with the next support at 1.2917 (MA55d) followed by 1.2827 (low Nov.22) and then 1.2825 (MA10d).
On the upside, a break above 1.3021 (high Oct.31) would aim to 1.3023 (high Oct.25) and then 1.3025 (Upper Bollinger).
As we are closer to the NA open, the sentiment surrounding the euro remains subdued, retracing ground after posting highs in the area of 1.3010 on the Greek deal.
The cross is now losing 0.17% at 1.2949 with the next support at 1.2917 (MA55d) followed by 1.2827 (low Nov.22) and then 1.2825 (MA10d).
On the upside, a break above 1.3021 (high Oct.31) would aim to 1.3023 (high Oct.25) and then 1.3025 (Upper Bollinger).
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