EUR/USD Steady After US New Home Sales

EUR/USD Steady After US New Home Sales

25 April 2016, 17:45
Roberto Jacobs
0
7

EUR/USD Steady After US New Home Sales

EUR/USD remained little changed near session highs, following the release of disappointing March new home sales data for the US.

New home sales dropped 1.5% to 511,000 pace in March, missing by far expectations of a 1.0% increase. However, the dollar barely reacted to data, with EUR/USD clinging to pre-data levels. At time of writing, the pair was trading at 1.1258, up % on the day.

EUR/USD levels to consider

As for technical levels, next resistances line up at 1.1266 (Apr 25 high), 1.1308 (Apr 22 high) and 1.1334 (20-day SMA). On the flip side, supports could be found at 1.1214 (Apr 25 low), 1.1185 (50-day SMA) and 1.1144 (Mar 24 low).


fxs_logo_news.png

Share it with friends: