Stalled Euro

Better than expected data from the US yesterday plus the inability of the EUR/USD to break above 1.3300 has the Euro in retreat against the Dollar. The pair continues to bounce within a tight range. We were able to capture a few pips on both the ADP and ISM data, but that was it for yesterday. Today brings the US initial claims and durable goods revisions. The consensus is for a slight decrease in initial claims. Anything else should boost the EUR/USD pair. Our trigger is at 1.3125.