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EUR/USD - H&S neckline resistance intact ahead of US d

FX:EURUSD   Euro Fx/U.S. Dollar
Resistance – 1.1285, 1.1342, 1.1376

Support – 1.1236, 1.1187, 1.1144

  • Rejection at 1.13 and a fall back to 1.1275 marks Euro’s failure to sustain above head and shoulder neckline level of 1.1285 ahead of the US durable goods orders release.
  • This makes it more vulnerable to a better-than-expected US durable goods print.
  • Support at 1.126 could be put to test on strong data, while a weak data could fuel move towards 1.1320-1.1342.
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