The EUR/USD appears to be advancing in a strong short-term uptrend Jason Lubin December 23, 2020 11:00 PM If price retreats look to the 20-day simple moving average for support. Share: The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, the Mortgage Bankers Association's Mortgage Applications rose 0.8% for the week ending December 18th, compared to +1.1% in the week before. Durable Goods Orders increased 0.9% on month in the November preliminary reading (+0.6% expected), compared to a revised +1.8% in the October final reading. Initial Jobless Claims dropped to 803K for the week ending December 19th (880K expected), from a revised 892K in prior week. Continuing Claims unexpectedly fell to 5,337K for the week ending December 12th (5,560K expected), from a revised 5,507K in the previous week. Personal Income slipped 1.1% on month in November (-0.3% expected), compared to a revised -0.6% in October. Personal Spending declined 0.4% on month in November (-0.2% expected), compared to a revised +0.3% in October. The University of Michigan's Consumer Sentiment Index fell to 80.7 on month in the December final reading (81.1 expected), from 81.4 in the December preliminary reading. Finally, New Homes Sales tumbled to 841K on month in November (995K expected), from a revised 945K in October.