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26 Apr 2016
EUR/USD climbs above 1.1300 after US durable goods orders
EUR/USD climbed to new daily highs as the greenback weakened on the back of US durable goods orders data, which came in well below expectations.
Orders for long-lasting manufactured goods rose 0.8% in March, missing expectations of a 1.8% increase while February orders fell 3.1%, revised down from a 3% drop initially estimated.
EUR/USD broke above 1.1300 to a fresh daily high of 1.1315 right after the data. It was last trading at 1.1310, up 0.42% on the day.
EUR/USD technical levels
As for technical levels, next resistances could be found at 1.1335 (20-day SMA) and 1.1394 (Apr 21 high). On the other hand, supports are seen at 1.1214 (Apr 25 low), 1.1189 (50-day SMA) and 1.1144 (Mar 24 low).
Orders for long-lasting manufactured goods rose 0.8% in March, missing expectations of a 1.8% increase while February orders fell 3.1%, revised down from a 3% drop initially estimated.
EUR/USD broke above 1.1300 to a fresh daily high of 1.1315 right after the data. It was last trading at 1.1310, up 0.42% on the day.
EUR/USD technical levels
As for technical levels, next resistances could be found at 1.1335 (20-day SMA) and 1.1394 (Apr 21 high). On the other hand, supports are seen at 1.1214 (Apr 25 low), 1.1189 (50-day SMA) and 1.1144 (Mar 24 low).