- Weak US core durable goods orders data lit a fire under EUR/USD pair, courtesy of which the spot rose to 1.1217 levels.
- The rise from the hourly 50-MA has also increased odds of the pair moving towards hourly Cypher Leg D level of 1.13.
- As long as prices do not see a daily closing below the rising trend line on the daily chart discussed here, we could be heading towards 1.13 levels.
