Investing.com – The euro pared gains against the U.S. dollar on Monday, as risk appetite was dampened ahead of the release of key U.S. data on existing home sales.
EUR/USD hit 1.2934 during European afternoon trade, gaining 0.17%; after retreating from a daily high of 1.2958.
The pair was likely to find support at 1.2737, the low of July 22 and short-term resistance at 1.3028, the high of July 20.
Later in the day, the U.S. Census Bureau was to release key monthly data on existing homes sales. Last month existing homes sales fell sharply after a tax credit for homebuyers expired.
The euro was also down against the pound, with EUR/GBP shedding 0.45% to hit 0.8336.
Earlier in the day, the euro advanced after euro zone bank stress tests revealed that only 7 out of 91 banks failed the tests.
EUR/USD hit 1.2934 during European afternoon trade, gaining 0.17%; after retreating from a daily high of 1.2958.
The pair was likely to find support at 1.2737, the low of July 22 and short-term resistance at 1.3028, the high of July 20.
Later in the day, the U.S. Census Bureau was to release key monthly data on existing homes sales. Last month existing homes sales fell sharply after a tax credit for homebuyers expired.
The euro was also down against the pound, with EUR/GBP shedding 0.45% to hit 0.8336.
Earlier in the day, the euro advanced after euro zone bank stress tests revealed that only 7 out of 91 banks failed the tests.