The euro traded higher against the dollar on Tuesday as investors digested sharply mixed U.S. durable goods data alongside an upbeat consumer confidence report.

In U.S. trading, EUR/USD was up 0.08% at 1.3202, up from a session low of 1.3179 and off a high of 1.3215.

The pair was likely to find support at 1.3179, the session low, and resistance at 1.3297, Friday's high.

The U.S. Commerce Department reported earlier 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%.

However, core durable goods orders, excluding volatile transportation items, contracted 0.8% in July, confounding forecasts for a 0.5% gain. Core durable goods orders rose by 3% in June.

Separately, the Conference Board reported that its widely-watched consumer confidence index rose to 92.4 for August, the highest since October 2007, from 90.3 in July, whose figure was revised down from a previously reported 90.9.

Analysts expected the index to decline to 89.0 in August.

Tuesday's mixed data gave the greenback broad support, as it depicted a strengthening U.S. economy, though profit taking sent the U.S. currency lower against the euro, as the dollar had advanced in recent sessions on upbeat housing data and optimistic comments from Federal Reserve Chair Janet Yellen.

Geopolitical tensions dampened demand for the dollar as well.

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.

Elsewhere, investors tracked a lackluster report on U.S. home prices.

The S&P/Case Shiller composite index of 20 metropolitan areas rose 8.1% year over year, shy of expectations for 8.4 percent.

The euro, meanwhile, saw demand from bottom fishers.

On Friday, European Central Bank President Mario Draghi said monetary authorities stood "ready to adjust our policy stance further" and will use all necessary tools to “ensure price stability over the medium term.”

Elsewhere, the euro was up against the pound, with EUR/GBP up 0.09% at 0.7965, and up against the yen, with EUR/JPY up 0.07% at 137.35.

On Wednesday, expect the pair to move on German consumer sentiment data.






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