EUR/USD muted post-US data, still below 1.12

By FXStreet EUR/USD kept the composure following today’s releases in the US docket, trading within the daily range near 1.1180.

EUR/USD attention to Fedspeak

The pair has practically ignored the better-than-expected results from US Durable Goods Orders, expanding 3.4% MoM during April. Orders stripping out the Transportation sector have risen 0.4% on a monthly basis.

Further data showed Initial Claims increasing by 268K during last week, below the forecasted 275K and down from 278K. The 4-Week Average is now at 278K vs. 275K previous.

Spot keeps its march north today, reverting the negative mood seen in the first half of the week although gains appear capped by the vicinity of the 1.1200 barrier for the time being.

EUR/USD levels to watch

The pair is now advancing 0.31% at 1.1189 and a break above 1.1246 (high May 23) would aim for 1.1303 (55-day sma) and finally 1.1331 (20-day sma). On the other hand, the immediate support lines up at 1.1129 (low May 24) followed by 1.1103 (200-day sma) and then 1.1055 (low Mar.16).
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Source:: FX Street