EUR/USD: New highs daily following the news out of the US disappointing


EUR/USD is progressing following the stats US disappointing

Investing.com – statistics the US published 14: 30 have generally proven to be disappointing and weigh on the Dollar, allowing EUR/USD to make new highs daily.

Durable goods orders main are displayed under expectations for the month of December 2018, with an increase of +0.1% versus +0.2% expected.

The disappointment was even more important to the index of the Philadelphia Fed, which plunged to -4.1 points for the month of February, compared with 15.6 points early and 17 points above.

Entries weekly jobless claims, slightly under the consensus of 216k against 220k expected appears to be unnoticed.

On the forex, the Dollar is weakening in the face of these figures, and the pair EUR/USD scored a new high of 1.1365. In the case of continued upward, the summit at 1.1370, the top of the uptrend channel visible since Friday at 1.1385 and the psychological threshold of 1.14 will be the first resistance to monitor.

Has the downside, a support can be spotted at 1.1320-25, before the psychological threshold of 1.13.

Finally, it should be noted that it still awaits the PMI preliminary for the month of February, and existing home sales for the month of January in the economic calendar of the day, respectively at 15: 45 and 16h.

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