Forex - EUR/USD little changed before U.S. durables data

The euro was almost unchanged against the dollar in quiet, holiday thinned trade on Monday, as investors awaited U.S. on durable goods orders later in the session.

EUR/USD hit 1.3364 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3371, dipping 0.05%.

The pair was likely to find support at 1.3322, Friday’s low and resistance at 1.3426, the high of August 21.

Trade volumes remained light on Monday, with markets in the U.K. closed for a holiday.

Uncertainty over how soon the Federal Reserve will start to scale back stimulus measures lingered after data on Friday showed that U.S. new home sales fell more than expected last month.

The soft data raised concerns over the strength of the recovery in the housing sector.

Investors were awaiting data on U.S. durable goods orders later in the session for indications on the strength of consumer demand.

Elsewhere, the euro was fractionally lower against the pound, withEUR/GBP inching down 0.06% to 0.8588 and was weaker against the yen, with EUR/JPY sliding 0.16% to 131.86.