U.S. data does not disappoint before Thanksgiving. EUR/USD.
The United States had a big release today before they enjoy their Thanksgiving Holiday.
Durable Goods orders MoM for October were released at 0.6%, instead of -0.5% forecast.
Preliminary GDP for 3Q also came above forecast, at 2.1% ahead of 1.9% forecast
Initial Jobless Claims were also reported at a better than expected 213K, below the forecast of 223K.
EUR/USD on a Daily TF dropped to 1.09986 and stalled at support in the vicinity of 1.10.
Parabolic SAR has reversed and pointing down. MACD bearish histogram is increasing.
Resistance: R1 50% Fibo 1.10293, R2 38.2% FIbo 1.10647.
Support: S1 61.8% Fibo 1.09938, S2 1.09717.
The economic calendar for the rest of the week is light. United States is on holiday and Eurozone will report on CPI and Unemployment Rate on Friday at 10am GMT.
Durable Goods orders MoM for October were released at 0.6%, instead of -0.5% forecast.
Preliminary GDP for 3Q also came above forecast, at 2.1% ahead of 1.9% forecast
Initial Jobless Claims were also reported at a better than expected 213K, below the forecast of 223K.
EUR/USD on a Daily TF dropped to 1.09986 and stalled at support in the vicinity of 1.10.
Parabolic SAR has reversed and pointing down. MACD bearish histogram is increasing.
Resistance: R1 50% Fibo 1.10293, R2 38.2% FIbo 1.10647.
Support: S1 61.8% Fibo 1.09938, S2 1.09717.
The economic calendar for the rest of the week is light. United States is on holiday and Eurozone will report on CPI and Unemployment Rate on Friday at 10am GMT.