Check out today's EURUSD Forex Signal: forex forextrade forextrading
It declined to a low of 0.9760, which was slightly lower than this week’s high of 0.9867. This decline happened after Europe published strong inflation data and the US delivered mixed housing numbers.There were several reasons why the EUR/USD price pulled back in the American and Asian sessions. First, the increase coincided with a slight increase in volatility. After dropping for two straight days, the volatility index rose by almost 2%.
The EUR/USD also reacted to the latest housing data from the US. Housing starts made a strong reversal in September as they dropped by 8.1% to 1.43 million. Building permits, on the other hand, rose by 1.45 to 1.5 million.
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