EUR/USD Climbs Above 1.1300 After US Durable Goods Orders
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).