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."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Range in USDOLLAR Index Offers Opportunities on Both Sides This Week

  2. Forex News

    EUR/USD challenges highs near 1.0980

  3. Forex News

    EUR/USD capped by 1.0980

  4. Forex News

    EUR/USD: Bulls struggle to extend gains, stays around 1.0960

  5. Forex News

    EUR/USD forecast: stuck in range – Commerzbank and OCBC Bank

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!