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