EURUSD Forex Signal: Still Range-Bound, Breakout Possible forexsignals
Enter your emailThere is a possibility that the pair will likely keep falling as bears target the key support at 1.1235.Timeline: 1 day.pair retreated slightly as US equities continued their Santa Claus rally.AdvertisementThe EUR/USD declined after the latest US home prices data. The numbers showed that the country’s home prices slowed for the third straight month, signalling that the red-hot housing market was started to cool down. The closely-watched Case-Shiller Home Price Index rose by 19.
The median home price rose by 13.9% to $353,900, signalling that the housing market is starting to price out many people. The best-performing city in the US was Phoenix, Arizona, where home prices rose by 32.3%. The city has seen many technology companies establish a base there. The hot housing market is not only happening in the United States alone. The same trend is happening in other countries like the
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