FXstreet.com (Buenos Aires) - EUR/USD regain the upside, and is testing the 1.4700 area, mounted on rising U.S. stocks and gold price, that rebounded from 984/oz to current $ 993/oz level. Despite slightly weaker than expected U.S. housing data, New home sales rose for fifth straight month in a row, supporting investors confidence and triggering current movements in all markets.

EUR/USD needs to overcome 1.4735 first resistance area, to extend upside rally to next strong level around 1.4780; if the pair manages to move back under 1.4680, deeper corrections to the 1.4620 area could be seen later. As usual, stocks behavior will lead the way.