Home / FOREX / EUR/USD higher on soft U.S. housing data

EUR/USD higher on soft U.S. housing data

In trading on Friday, EUR/USD was up 0.32% at 1.3398, up from a session low of 1.3334 and off from a high of 1.3410.

The pair was likely to find support at 1.3298, Thursday’s low, and resistance at 1.3452, Tuesday’s high.

The Commerce Department reported earlier that new home sales in the U.S. dropped 13.4% to 394,000 units in July, far worse than market expectations for a 1.4% decline.

Check Also

5 Best Binary Options Trading Advice

5 Best Binary Options Trading Advice

In this world of high living cost, everyone is searching for side-sources of income to mitigate their everyday living expenses.