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. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center