EUR/USD uninspired by US data

EUR/USD was little changed near daily highs after data showed US durable goods orders remained flat in August.

Orders for durable goods products were unchanged in August from a month earlier, exceeding expectations of a 14% decline expected but down from a 3.6% rise seen in July.

EUR/USD barely reacted to data as investors focus remains on Fed’s Yellen testimony. The pair continued to trade around 1.1230, where it records a 0.15% gain on Wednesday, having hit a peak of 1.1236 in recent dealings. 

EUR/USD levels to watch

In terms of technical levels, immediate  resistances could be faced at 1.1258 (Sep 27 high), 1.1283 (Sep 15 high), 1.1326 (Sep 8 high) and 1.1365 (Aug 18 high). On the other hand, supports are seen at 1.1185 (100-day SMA/50-day SMA), 1.1155 (200-day SMA) and 1.1122 (Aug 31 & Sep 21 low).