25 Jul 2013
EUR/USD climbs to 1.3240 after US data
FXstreet.com (Edinburgh) -The EUR/USD is extending its rebound from session lows, advancing to the area of 1.3240 after mixed data from the US economy.
EUR/USD propped up by data
US Durable Goods Orders surpassed expectations in June, expanding at a monthly pace of 4.2% vs. 0.5% expected, although lower than May’s 5.2% gain. Excluding the volatile Transportation sector, orders came in flat. Further data showed Initial Claims rose a tad in the last week.
EUR/USD key levels
At the moment the pair is up 0.26% at 1.3235 with the next resistance at 1.3256 (high Jul.24) ahead of 1.3261 (76.4% of 1.3417-1.2755) and then 1.3302 (high Jun.20). On the downside, a breach of 1.3177 (low. Jul.24) would open the door to 1.3164 (low Jul.23) and finally 1.3150 (MA10d).
EUR/USD propped up by data
US Durable Goods Orders surpassed expectations in June, expanding at a monthly pace of 4.2% vs. 0.5% expected, although lower than May’s 5.2% gain. Excluding the volatile Transportation sector, orders came in flat. Further data showed Initial Claims rose a tad in the last week.
EUR/USD key levels
At the moment the pair is up 0.26% at 1.3235 with the next resistance at 1.3256 (high Jul.24) ahead of 1.3261 (76.4% of 1.3417-1.2755) and then 1.3302 (high Jun.20). On the downside, a breach of 1.3177 (low. Jul.24) would open the door to 1.3164 (low Jul.23) and finally 1.3150 (MA10d).