The resilient euro is the theme once again, as it has been so many times in the past few months.
The soft durable goods report weakened the US dollar and breathed fresh life into EUR/USD after a test of the 55-day moving average in Europe. The pair is virtually unchanged on the day at 1.3680 and a close here would mark the third straight day of near-unchanged trading after the 150 pip rally on Thursday.
Holding on to most of those big gains is a victory for the euro bulls but I want to see a close above 1.37 before I believe in a rally.
