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Bye Dollar! EUR/USD jumps above 1.2750 after US durable goods

FXStreet (San Francisco) - The US dollar is trading under pressure amid a weaker than expected US durable goods order report. So, the EUR/USD jumped around 50 pips to break previous highs at 1.2720 and to test the 1.2760 area.

Durable goods orders extended last month 18.3% decline after posting a 1.3% fall in September; against 0.5% rise expected. Ex-transport item, durable goods declined 0.2%.

Currently, EUR/USD is trading at 1.2751, up 0.41% on the day, having posted a daily high at 1.2760 and low at 1.2685. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

EUR/USD levels

If the pair consolidates levels above 1.2750, it will find resistances at 1.2765, 1.2800 and 1.2840. To the downside, supports are at 1.2720, 1.2685 and 1.2665.

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