FXstreet.com (Buenos Aires) - Majors are consolidating close to daily lows against greenback, waiting for University of Michigan Consumer Sentiment revision, and New Home Sales in a few minutes. Data is forecast to the upside, so if it hit expectations, stocks likely to rise supporting a dollar fall.

However, both U.S. index remain bearish at this point, so a not so positive reading could trigger more risk aversion a favor a dollar continuation against major rivals.EUR/USD downside remains capped by strong Fibonacci level around 1.4610, while GBP/USD with a more bearish perspective, quotes around 1.5970.

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