27 Jul 2015
EUR/USD muted post-US data
FXStreet (Edinburgh) - The shared currency kept the composure following the US data releases, with EUR/USD still gyrating around the 1.1060/70 area.
EUR/USD little changed on US data
The pair remained indifferent after US Durable Goods Orders expanded 3.4% on a monthly basis during June, surpassing estimates for a 3% advanced and reverting May’s 2.1% drop. In the same line, Orders excluding the Transportation sector rose 0.8% vs. 0.1% previous.
Spot keeps the mid-1.1000s so far, looking to stabilize after clinch fresh 2-week tops beyond the 1.1100 handle in early trade.
EUR/USD levels to watch
As of writing pair is up 0.75% at 1.1064 with the next hurdle at 1.1114 (high Jul.27) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a breach of 1.0969 (low Jul.27) would open the door to 1.0931 (low Jul.24) and then 1.0892 (low Jul.22).
EUR/USD little changed on US data
The pair remained indifferent after US Durable Goods Orders expanded 3.4% on a monthly basis during June, surpassing estimates for a 3% advanced and reverting May’s 2.1% drop. In the same line, Orders excluding the Transportation sector rose 0.8% vs. 0.1% previous.
Spot keeps the mid-1.1000s so far, looking to stabilize after clinch fresh 2-week tops beyond the 1.1100 handle in early trade.
EUR/USD levels to watch
As of writing pair is up 0.75% at 1.1064 with the next hurdle at 1.1114 (high Jul.27) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a breach of 1.0969 (low Jul.27) would open the door to 1.0931 (low Jul.24) and then 1.0892 (low Jul.22).