FXstreet.com (Barcelona) - U.S. stock markets have reversed moderate gains at the opening, after the release of U.S. Existing home sales; The Euro tries to pick up and the Dollar softened against the Yen.

Dow Jones Industrials drop 0.54% below their opening level, while the Nasdaq Index loses 0.34% and the S&P Index trades 0.28% below its opening price.

The Euro has dropped to 1.3000 from intra-week high at 1.3088, and at the moment of writing trades at 1.3035 resistance level.

USD/JPY, after having failed to break 98.45 resistance level, the pair has dropped to 98.10 support level which, so far, remains intact.

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