FXstreet.com (Buenos Aires) - Choppy price action during current American session about to end, greenback started the day with a negative tone, yet changed bias midsession, and is close to end the day positive against major rivals, overall inside past week trading range.
Most stocks were lower Tuesday as weak housing data outweighed deal news, strong auto sales, and airline profits, while factory orders show that demand exceeded expectations, showing recovery in manufacturing is intact.
Gold lost ground ending the journey near the $ 1120/oz zone, while crude rise for 9th day in a row, closing higher at $ 81.73 per barrel.
Treasury prices tick up also mid afternoon as US stocks decline, favoring general dollar recovery across the board. Indexes in the U.S are mixed, with DJIA down and S&P quite positive above past December high.
EUR/USD has been trading consistently in range this week, between 1.4400 and 1.4460 area past week high. Break to the upside early Europe did not last and pair fell to trade under 1.4380 zone putting pressure back on the downside. 1.4320/30 area, where we located past December 24th and 29th lows is the first support to consider for next hours, followed by 1.4260/70 area; above 1.4400, pair may find resistances at 1.4440 ahead of today's high of 1.4485.