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EUR/USD back to square one at 1.3570

FXstreet.com (Edinburgh) – The correction lower from session peaks beyond 1.3610 found buyers near 1.3560 on Wednesday, where the EUR/USD managed to pick up pace and regain 1.3575/80 so far.

EUR/USD erratic, weaker after US data

After hitting fresh 4-week highs beyond the 1.3600 handle, solid data from the US docket – with the exception of the Durable Goods Orders – gave wings to the greenback in detriment of the single currency, sending the pair lower. “The outlook remains positive, for a tight test of 1.3650 resistance area, before reversal for another downswing towards 1.3398 low. Crucial from an intraday point …read more