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26 Mar 2013
Forex: EUR/USD muted after US Durable Goods
FXstreet.com (Barcelona) - The bloc currency remained indifferent after the US Durable Goods Orders expanded 5.7% during February, beating forecasts and January’s print. On the opposite direction, orders contracted 0.5% when stripping the Transport sector, missing the median and previous print.
Next on tap across the pond will be the US Consumer Confidence (68.0 exp.) followed by the New Home Sales (420K exp.).
At the moment, the cross is up 0.03% at 1.2853 with the next hurdle at 1.2950 (MA10d) ahead of 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).
On the flip side, a breach of 1.2832 (low Mar.25) would clear the way to 1.2730 (low Nov.19) en route to 1.2700 (161.8% of Feb1 2011).
Next on tap across the pond will be the US Consumer Confidence (68.0 exp.) followed by the New Home Sales (420K exp.).
At the moment, the cross is up 0.03% at 1.2853 with the next hurdle at 1.2950 (MA10d) ahead of 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).
On the flip side, a breach of 1.2832 (low Mar.25) would clear the way to 1.2730 (low Nov.19) en route to 1.2700 (161.8% of Feb1 2011).