EUR/USD is eyeing highs in the low 1.3343s, the level where EUR/USD stalled after the news of Iran's taking of 15 hostages hit the wires. With central banks buying EUR/USD on the approach of 1.3250 this morning, some suggest they may use the present rally to book some profits.
Dealers also not the fluky nature of the new home sales data which is best a guess by the census bureau and the existing home sales data which is made up of closed sales and reported by the NAR, an industry group. One thing real estate agents can do is count. The census department? Not so much. EUR/USD trades at 1.3340 with stops seen in the 1.3345/50 area. Support is at 1.3295 on dips.
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