FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption
The EUR /USD inched slightly higher on Thursday after dollar paused its rally as the market waited for more signs about the timing of an expected U.S. interest rate rise from the Federal Reserve. New orders for U.S. manu…
The EUR /USD inched slightly higher on Thursday after dollar paused its rally as the market waited for more signs about the timing of an expected U.S. interest rate rise from the Federal Reserve.
New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products.
To the upside, strong resistance can be seen at 1.1000, a break above this level would take the pair towards next resistance level at 1.1040 levels.
To the downside immediate support can be seen at 1.0886 levels, a break below this level will open the door towards next level at 1.0851.
