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EUR/USD muted around 1.1250 on US data

FXStreet (Edinburgh) - The European currency remained apathetic following the US releases today, with EUR/USD keeping the area of daily highs in the mid-1.1200s.

EUR/USD firmer post-data, Yellen eyed

Spot kept the composure after US headline Durable Goods Orders matched estimates during August, contracting 2.0% in August and reverting July’s 1.9% advance; orders excluding the Transportation sector came in flat, missing consensus for a 0.1% gain.

Further data saw Initial Claims at 267K in the week ended on September 18th vs. 271K anticipated, while the Chicago Fed National Activity Index dropped to -0.41 in August from 0.51 previous.

Still in the US docket, New Home Sales are due next followed by the speech by Chairwoman J.Yellen.

EUR/USD levels to watch

As of writing the pair is advancing 0.53% at 1.1245 and a breakout of 1.1258 (high Sep.24) would aim for 1.1330 (high Sep.21) and then 1.1373 (high Sep.14). On the other hand, the next support aligns at 1.1163 (low Sep.24) ahead of 1.1105 (low Sep.23) and finally 1.1089 (low Sep.4).

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