EUR/USD pulls back after US data
|EUR/USD pulled back from daily highs and cut early gains as the dollar strengthened despite a series of below expectations US data.
After hitting a daily peak of 1.0929, EUR/USD gave up a few pips but the downside was contained by the 1.0910 zone, keeping the pair near recent highs. At time of writing, EUR/USD is trading at 1.0920, 0.13% above its opening price.
On the data front, US durable goods order fell 0.1% to $227.3 billion in September from a month earlier, below the 0.1% increase expected. Separated data showed, initial jobless claims decreased by 3,000 to a seasonally adjusted 258,000 in the week ended Oct. 21 against 255,000 expected.
EUR/USD technical levels
In terms of technical levels, short-term supports are seen at 1.0873 (Oct 26 low), 1.0850 (Oct 25 low) and 1.0821 (Oct 3 low). On the flip side, resistances line up at 1.0932 (10-day SMA), 1.1000/04 (psychological level/Oct 19 high) and 1.1038 (Oct 20 high).
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