EURU/USD falls to fresh multi-month lows at 1.3430

By FXstreet.com | July 25, 2014 AAA

FXStreet (San Francisco) - The Euro broke the 1.3440 level and fell to trade at minimums since November 21 at 1.3430 where the pair found buying interest following stronger than expected Durable goods orders in US.



Durable goods orders rose 0.7% in June, above expectations and recovering half of previous month decline.



Currently, EUR/USD is trading at 1.3442, down 0.16% on the day, having posted a daily high at 1.3477 and low at 1.3430. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.



EUR/USD sentiment



According to Gerry Davies, the EUR/USD would be under pressure on Ukrainian news. In any case, "talk of buy orders clustered 1.3400/20 protecting 1.3400 barrier option interest."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation
    Forex News

    USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation

  2. USD/JPY is dancing around 107.00
    Forex News

    USD/JPY is dancing around 107.00

  3. USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
    Forex News

    USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

  4. NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
    Forex News

    NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades

  5. EUR/USD sidelined above 1.2700
    Forex News

    EUR/USD sidelined above 1.2700

Trading Center