25 Mar 2015
EUR/USD hits 1.10 on US data
FXStreet (Edinburgh) - Poor data from the US docket sent EUR/USD above the 1.1000 handle, although the breakout proved to be short-lived so far.
EUR/USD remains in session highs
The pair remains buoyant in the upper-1.09s after Durable Goods Orders in the US economy disappointed investors in February, contracting at a monthly pace of 1.4% vs. forecasts for a 0.4% gain. Excluding the Transportation sector, Orders also dropped 0.4% vs. 0.3% previously estimated.
EUR/USD important levels
The pair is now up 0.63% at 1.0992 with the next resistance at 1.1029 (high Mar.24) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).
EUR/USD remains in session highs
The pair remains buoyant in the upper-1.09s after Durable Goods Orders in the US economy disappointed investors in February, contracting at a monthly pace of 1.4% vs. forecasts for a 0.4% gain. Excluding the Transportation sector, Orders also dropped 0.4% vs. 0.3% previously estimated.
EUR/USD important levels
The pair is now up 0.63% at 1.0992 with the next resistance at 1.1029 (high Mar.24) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).