FXstreet.com (Córdoba) - The Euro pulled back against the Dollar after rising to 1.4458, fresh one-week high. EUR/USD found support at 1.4420 and remained little changed after the publication of housing data in the U.S. Currently trades at 1.4433/37, 0.39% above today's opening price. To the upside, above 1.4460, the next resistance lies at 1.4500 (Dec 15/16 low).
The Standard & Poors/Shiller Home Price Index showed a decline in October of -7.3% from a year ago and indicates that while prices housing prices continue to drop, their descent is slowing for the 10th straight month. In September, the index gave a reading of -9.4%, and this month's report is in line with analysts' forecasts.
Valeria Bednarik, collaborator at FXstreet.com affirms: Market players likely to be waiting for house price data to be release in a couple of minutes, and U.S. consumer confidence in about an hour. Dollar could change bias and start gaining the lost ground if data is better than expected, thus nothing can be take for granted in this Christmas and New Year's holiday breaks; U.S. equities are set to open higher, while gold remains unchanged around the $ 1105/oz level. Remember, thin trading conditions tend to exacerbate market moves.