How Will Todays Data Impact The Pair? The EUR/USD pair slightly increased during Monday’s trading session and returned above 1.2700. The pair reacted to the negative U.S. Pending Home Sales data, which came out below expectations. The housing data came out before the FOMC meeting. Today at 12:30 PM (GMT), the U.S. Core Durable Goods Orders will be released. The expectation may push the pair even lower towards the 1.2650 level. At 2:00 PM (GMT), the CB Consumer Confidence index will be announced, as well as the Durable Goods data. The Confidence index is predicted to come out strong and spur the dollar. The support is found at 1.2620 and the resistance is at 1.2740. Trend: Sideways
Posted on: Tue, 28 Oct 2014 11:27:50 +0000
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