Investing.com - The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on New Home Sales.
EUR/USD was trading at 1.2565, down 0.94% at time of writing.
The pair was likely to find support at 1.2546, today’s low, and resistance at 1.2824, Monday’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 343K last month from 332K in the preceding month whose figure was revised up from 328K.
Analysts had expected new home sales to rise to 335K last month.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.48% to hit 0.8009 and EUR/JPY falling 1.60% to hit 99.80.
EUR/USD was trading at 1.2565, down 0.94% at time of writing.
The pair was likely to find support at 1.2546, today’s low, and resistance at 1.2824, Monday’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 343K last month from 332K in the preceding month whose figure was revised up from 328K.
Analysts had expected new home sales to rise to 335K last month.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.48% to hit 0.8009 and EUR/JPY falling 1.60% to hit 99.80.