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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Córdoba) - Coming up, the calendar is crowded with US data, where May durable goods is the highlight. Analysts are expecting a 3.0% rise in orders following a 3.5% increase in April (revised up from 3.3%), and a flat reading excluding transportation, from a 1.5% rise the previous month.

"Market players will be looking to buy the dollar, particularly against weaker euro an Australian dollar, if the reading exceeds expectations", says Valeria Bednarik, chief analyst at "Core reading published along with main one should also be above expected, to favor some greenback gains".

"A deviation to the downside in both numbers, main and core, will hit greenback especially against newly strong Japanese yen and Pound, although the effect will be seen all across the board", Bednarik notes.

Ahead of the data, the EUR/USD trades slightly above its opening price at the 1.3140 zone, having failed to break decisively above 1.3150. If the pair manages to clear this latter, next resistances could be faced at 1.3195 (100-hour SMA) and 1.3255 (Jun 21 high). On the flip side, supports could be found at the 1.3100/10 area (psychological level/daily low) and 1.3058 (Jun 24 low).
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