EUR/USD Climbs Above 1.1300 After US Durable Goods Orders

EUR/USD Climbs Above 1.1300 After US Durable Goods Orders

26 April 2016, 14:55
Roberto Jacobs
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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).


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