FXstreet.com (Edinburgh) – The bid tone remains around the shared currency on Tuesday, with the EUR/USD meandering the 1.3555/60 area, just below session peaks.
EUR/USD boosted by poor US data
Lower US consumer confidence in November prompted buyers to return to the EUR, pushing the pair from intraday troughs near 1.3520 to levels beyond 1.3560. The pair thus remains well positioned ahead of tomorrow’s German Gfk Confidence survey and critical US data from Durable Goods Orders, Initial Claims and the Reuters/Michigan index. In the opinion of Stoyan Mihaylov, Strategist at DeltaStock.com, “Yesterday’s slide was well bid at 1.3490 support and current …read more