EUR/USD unchanged on US data

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The European currency keeps the upper end of the range vs. the dollar on Tuesday, now taking EUR/USD to the 1.1070/80 region.

    EUR/USD indifferent post-data

    The pair has practically ignored the poor results from US Durable Goods Orders, contracting at a monthly pace of 1.2% vs. a drop of 1.1% forecasted. Orders excluding the Transportation sector have also disappointed investors, contracting 0.4% during September.

    Next on tap in the US docket will be the index of Home Prices gauged by S&P/Case-Shiller seconded by Consumer Confidence figures.

    EUR/USD levels to watch

    As of writing the pair is up 0.09% at 1.1069 with the next hurdle at 1.1078 (8-month uptrend) followed by 1.1116 (200-day sma) and then 1.1153 (61.8% Fibo of 1.0808-1.1713). On the other hand, a breach of 1.1000 (psychological level) would target 1.0915 (low Jul.7) and finally 1.0847 (low Aug.5).
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