Investors this week wait for a heavy slate of top-tier U.S. economic data, starting with Durable Goods Orders on Monday and ending with the employment reports for January on Friday. In-between is the U.S. fourth-quarter advance GDP data and outcome of the Federal Reserve's first meeting of the year...
The pair reached the 0.9980-1.0055 resistance area, right where the 200-Day SMA resides. A clear break above this area would confirm the medium-term uptrend towards the 1.0250 resistance...
The pair is trading below the 1.6000-1.6060 support-turned-resistance area, which contains the 50-Day SMA and the 100-Day SMA, so we see the risks of additional setbacks towards the 200-Day SMA by 1.5900 or the 1.5750 support...