U.S. pending home sales rise 0.5% in July missing forecast 1.0% , Buy USD on dips !

forex US home zu1xuw min
forex US home zu1xuw min

The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.

The U.S Pending Home Sales rose 0.5% , from -1.7% in the previous month , missing forecast at 1.0%.

Market Impact : This development could bring a corrective pullback for USD before the next rise .

EURUSD : As long as 1.1282/1.1378 resistance holds on a 4 – hour closing basis, Intraday outlook in EURUSD remains on the downside towards the 1.1117 levels . Note that we have strong demand zone around 1.1048/1.1117 levels according to the 4 -hour chart ..


U_S_ pending home sales rise