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EUR/USD smoothly extending trading range

FXstreet.com (Chicago) – EUR/USD stalls as Asian session continues advancing. The pair has lost 0.01% so far within the last hour, marking flat gains ahead of US data.

Durable goods orders, 3 and 6-month bill auction and the Dallas Fed Manufacturing Business Index are to be released later today in the US. US housing data disappointed market participants last week after clueless stand from unclear FOMC minutes. The euro rallied throughout last week but failed to hold fronts above 1.34 zone. Capped at 1.3389 (August 9th highs), the pair retraced facing supports at 1.3372 (August 19th highs), 1.3362 (August 15th …read more