There hasn’t been a whole lot of excitement out of this pair over the last twenty-four hours and it appears that, today at least, neither the bull nor the bear camp can make enough of an argument to take the market in either direction. German Preliminary CPI report came out as expected at 0.2% and this did little to move this pair. The Durable Goods Orders data out of the US was worse than expected, which prompted some short-term euro strength/dollar weakness, but it was not followed up with any type of real conviction. Since just before the US trading session began, the price flow looks very similar to yesterday, although in a smaller range. The EUR/USD still seem to be relying on the 1.3000 mark as the pivot point and over the last 6 hours has only managed to move about 30 pips above and about 30 pips below that mark. At some point this range will break, and it could be a forceful move when it does. For today I am leaving the potential support and resistance zones unchanged at 1.2840 to 1.2850 and 1.3100 to 1.3110, respectively. Dan Cook, Chicago