By: Bradley C Smith
New Home Sales data is ready to devastate the recent new low around 1.3450 with wonderful news for America's dollar. Only the RSI of the four technicals put to the daily EUR/USD chart is far above it's centerline and clearly ready for a easy ride downward but that news will easily overpower any lagging technical indicator.
The three hour chart will likely not march up and weaken the Dollar before the New Home Sales data release to make shorting the dollar mentally easier with a clear high. Each indicator committed to this chart is also below it's centerline, do not stray from the power of this news though, technical indicators are lagging.
10:00am est USD
New Home Sales Forecast 354K Previous 342K
