Investing.com - The euro trimmed gains against the U.S. dollar on Tuesday, to hold near 11-month lows after data showed that U.S. durable goods orders rose significantly more than expected in July, while core orders declined unexpectedly, painting a mixed picture of the U.S. economy.
EUR/USD was at 1.3192 during European afternoon trade, not far from Monday's 11-month low of 1.3179.
The pair was likely to find support at 1.3179, Monday's low and resistance at 1.3297, the high of August 22.
The U.S. Commerce Department said that total durable goods orders, which include transportation items, surged by 22.6% last month, blowing past expectations for an increase of 7.5%.
Orders for durable goods in June were revised up to a 2.7% gain from a previously reported increase of 1.7%.
Core durable goods orders, excluding volatile transportation items, eased down by 0.8% in July, missing forecasts for a 0.5% gain. Core durable goods orders rose by 3% in June.
Meanwhile, investors remained cautious as Russian President Vladimir Putin was set to meet his Ukrainian counterpart, Petro Poroshenko, later Tuesday amid growing tensions in the region.
On Monday, Ukraine said an armored column including 10 tanks entered from Russia as the government in Moscow unveiled plans to send a second convoy with humanitarian aid.
The single currency had come under pressure on Monday after European Central Bank President Mario Draghi tsaid at Jackson Hole on Friday that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.
The euro was also steady against the pound, with EUR/GBP at 0.7961.
Later in the day, the U.S. was to publish data on consumer confidence.