EURUSD Hesitates Around 1.1175 Levels On Mixed US data !

The U.S Durable Goods Orders fell -2.8%, from 4.2% in the previous month above a forecast of -2.9% in the last month…

But in return, Core Durable Goods Orders fell -1.0%, from 1.2% in the previous month, analysts had expected the indicator to fall to -0.2% in the last month…

Initial Jobless Claims rose 265K, from 259K in the previous week missing forecast of 268K in the last week…

As you see, we have mixed data, so sideways market is likely, anyway; let’s see the impact on the market:

EURUSD: The pair hovering around daily chart support 1.1176, On the 4-hour timeframe the pair is under pressure, but the chart shows that the pair is losing the downside momentum, support comes at the 1.1143 levels ( Daily chart SMA 15) while resistance comes at the 1.1187 levels, a break will activate the bullish divergence and pave the way towards the 1.1237 levels ahead of the 1.1259/1.1285 levels. On the downside, below 1.1143 will extend losses towards the 1.1057 levels…

EURUSD-H4 -24032016

 

MARKET DATA

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