The EUR/USD pair is trying again to break above the 1.1800 following the publications of this afternoon.
In fact, sales of new homes in US declined by -9.4% against 0.3% expected and 1.9% previously.
In addition, consumer confidence in the euro zone appears to -1.5 vs. -1.8 expected and -1.7 previously.
On Forex, EUR/USD back to its highest intraday and tries to push it over the top.
The pullback towards the trend line has found support in the zone of 1.1750/40, returning the pair to rise on the Forex.
The break above 1.1775 has subsequently paved the way in the direction of 1.1800. But after failing the first time on this level, EUR/USD tries again to climb to the top suites to these publications.
The next milestone comes at 1.1825, before the 1.1850, which could limit the increase in the absence of a catalyst more significant.
The downside, first support comes at 1.1775, while below we could come back to 1.1750 and then the trend line to 1.1730.
Through immediate therefore remains tilted to the upside, with immediate targets at 1.1825 and 1.1850. A return to below the 1.1775 would weaken the prospects for upward immediate.
The pair EUR/USD is currently trading at 1.1805 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.