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EUR/USD found support at 1.3365

FXstreet.com (Edinburgh) -The EUR/USD is now reclaiming the 1.3370/75 area after bottoming out around 1.3365, as the risk-off trade is now giving some oxygen to the pair.

EUR/USD focus on US data

US Durable Goods Orders will grab all the investors’ attention on Monday. Prior surveys expect orders to revert June’s significant advance of 4.2% and contract 3.0% during July. Stripping the Transportation sector, orders are expected to expand 0.6%. According to Westpac Global Strategy Group, “Eurozone data momentum remains sufficiently encouraging for the likes of ECB’s Nowotny to douse rate cut talk and the EZ current account surplus aids the …read more