Forex: EUR/USD steady after US durable goods
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The euro edged slightly lower against the dollar after data showed US durable goods orders rose more than expected in December. Orders for durable goods jumped 4.6% in December, beating expectations of a 1.8% rise, while excluding transportation sector, orders increased 1.3% vs 0.7% exp.
EURUSD dropped nearly 10 pips after the data and slid to the 1.3430 zone, although momentum was lacking. At time of writing, EURUSD is trading at the 1.3440 zone, where it is 0.2% below its opening price.
As for technical levels, on the downside immediate supports are seen at 1.3425 (intraday low), 1.3400 (psychological level) and 1.3380. On the other hand, resistances could be found at 1.3480 (high Jan.25), 1.3485 (2012 peak) and 1.3500 (psychological level).
EURUSD dropped nearly 10 pips after the data and slid to the 1.3430 zone, although momentum was lacking. At time of writing, EURUSD is trading at the 1.3440 zone, where it is 0.2% below its opening price.
As for technical levels, on the downside immediate supports are seen at 1.3425 (intraday low), 1.3400 (psychological level) and 1.3380. On the other hand, resistances could be found at 1.3480 (high Jan.25), 1.3485 (2012 peak) and 1.3500 (psychological level).
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