CB Consumer Confidence Down 92.2, Existing Home Sales Up 5.47 M, Buy USD On Dips!

The U.S CB Consumer Confidence fell 92.2, from 97.8 in the previous month, analysts had expected it to fall to 97.00 in the last month…

Market impact: This scenario should decline the U.S dollar…

But in return, U.S Existing Home Sales rose 5.47M, from 5.45M in the previous month, analysts had expected it to fall to 5.32M in the last month…

Market impact: U.S U.S Existing Home Sales data should support the U.S dollar…

Conclusion: U.S data was mixed today, so sideways move are in sight, buying the USD on dips still recommended…

EURUSD: Immediate resistance comes at the 1.1020 levels -broken support, a break will turn focus on main resistance 1.1050, below 1.1020 will keep the pair under pressure…

 

MARKET DATA

UPCOMING ECONOMIC EVENTS