The market did not react to the poor data out the housing sector in the US either, where Existing Home Sales contracted 1.0% on a monthly basis during December, or falling to 4.94 million vs. November’s 4.99 million.
As of writing, the cross is down 0.17% at 1.3290
Next support levels line up at 1.3267 (low Jan.22) followed by 1.3257 (low Jan.160 and then 1.3248 (low Jan.11).
On the upside, a break above 1.3372 (high Jan.22) would open the door to 1.3398 (high Jan.18) and finally 1.3404 (high 2013, Jan.14).
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