FX : Euro and Pound retreat after post-existing home sales rallies
FXstreet.com (Barcelona) - The Dollar is picking up after the sudden sell off suffered on the back of better than expected home sales, and Euro and Pound have returned to levels pre-housing data, retreating from week highs.
EUR/USD rose from 1.4330 to 1.4375, fresh two-weeks high, immediately after housing data was released, and the Euro has returned to test 1.4300 support, which is under pressure at the moment.
GBP/USD soared from 1.6555 pre-housing data, to levels at 1.6625 fresh intra-week high to decline afterwards to levels around 16540 at the time of writing.
