The pair EUR/USD remains near its lows following the publications US this afternoon.
Sales of new homes have fallen by -3.4% vs. 3.3% expected and -5.5% previously.
The consumer confidence according to the Conference Board declined to 119.8 against 120.0 expected and 120.4 previously.
On the Forex, the Dollar has not much responded.
EUR/USD remains close to its recent low, with a support in the area of 1.1780/75, which is tested.
A break below would trigger probably the downward movement in the direction of 1.1750.
Below we have then the important area of 1.1720/1.1680 that could slow down the fall in a prime time.
Conversely, if the support holds, and a fortiori, if we go back above the 1.1800, a rebound could take shape, with the area of 1.1825, which must be to maintain the downward pressure immediate.
Above, we could then find the area of the 1.1850/60.
On the economic calendar we will follow still this evening a speech of Yellen, which should not significantly influence the Forex, but if the Chair of the Fed makes comments on the monetary policy, the Dollar could react.
The pair EUR/USD is currently trading at 1.1785 on the Forex.
Chart EUR/USD H1
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This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.