FXstreet.com (Córdoba) - The Euro jumped against the Dollar after the release of new home sales information and crude oil inventories. EUR/USD rose from 1.4275 to 1.4345, fresh intra-day high. The pair trades near the highs at 1.4335/40, 0.62% above today's opening price. On the upside, resistance could be located at 1.4330 and above at 1.4370/75 (Dec 21 high).
Valeria Bednarik, collaborator at FXstreet.com affirms: Above 1.4300, pair could extend the rally to the 1.4340 area, as bigger time frames support the bias. Beware of tiny volume and strong spikes these days.
U.S. new home sales drop 11.3% in November, to an annual rate of 355K, instead of the 1.9% advance to around 425K annual rate forecasted by market analysts.