EURUSD trading higher ahead of the US Core Durable Goods Orders report

27 January, 2015

EURUSD rose yesterday and closed at 1.1237. Data released yesterday showed that the German Ifo Business Climate rose to a level of 106.7 in January reaching a 6-month high.

The afternoon will be dominated by releases from the United States including the Core Durable Goods Orders, The CB Consumer Confidence and the New Home Sales data. The ECOFIN Meetings are also taking place today in Brussels.

Investors should be fully aware that any potential information regarding the situation in Greece might bring volatility on the market.

Support for the EURUSD is seen at 1.1135 and resistance is seen at 1.1344.

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.


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