By: Bradley C. Smith
All of the four technicals on the EUR/USD's daily chart agreeing with price action, for a brief upward swing for some pressure relief before continuing the downtrend. That scenario will be helped by the headline below, it will help this pair have a bit of a lift, if this forecast that varies so much from it's previously released number is nearly correct at all.
The EUR/USD put to a three hour chart enjoying the same technicals, exhibits a very oversold position. Being so oversold from a technical standpoint on both timeframe helps support the likely lift the news and price action might support today.
10:00am est USD
Pending Home Sales m/m Forecast 3.9% Previous 8.2%
