Today, traders also had a chance to take a look at the Pending Home Sales report for May. The report indicated that Pending Home Sales grew by +3.8% month-over-month in May, compared to analyst forecast of +0.8%.
Better-than-expected reports provided support to the American currency. However, traders stay cautious as they wait for Fed decision and first comments from new Fed Chair Warsh.
A successful test of the resistance at 99.70 – 99.85 will open the way to the test of the next resistance level, which is located in the 100.50 – 100.65 range.
EUR/USD Pulls Back Ahead Of Fed Decision
U.S. futures were sharply down this morning, before the opening in New York, after markets in Asia and Europe all lost ground today. The declines...
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