EUR/USD: Soft Data Sparks Further Bounce; Watch Stocks

EUR/USD blipped up to the 1.3105 area after weak US factory orders (-5.6%) and pending home sales (-4.1%) but rallies may be limited if US equities sell off on the on the weak data. So far, stocks are rallying despite the poor reports. Go figure. Offers are seen in the 1.3120/30 area with stops eyed at 1.3130/40; Offers return toward 1.3160.