Relevance up to 17:00 UTC+3
Prior was -4.1%
- Record high $9.9B in permits issued
- Residential permits +10.6% including +15.1% in single family homes
- Non-residential +2.6%
Data releases yesterday showed an absolutely sizzling real estate market throughout the country. The builders are going to be building as fast as they can for the foreseeable future.
Analyzing the current trading chart of EUR/USD, I found that there is completion of the upside correction and strong selling today.
My advice is to still watch for selling opportunities on the rallies using the intraday time-frames.
Downside targets are set at 1,1990 and 1,1955.
Support levels: 1,1990 and 1,1955
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.