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Dollar Slow Even After Housing Data

June 19, 2007 (Last updated on November 29, 2009) by

EUR/USD was ranging between 1.3385 and 1.3435 levels undecided — to go for a correction or jump back to the bearish trend which is seen since the first week of May. Such a slow motion in EUR/USD Forex can continue for the whole week. Especially after today’s U.S. housing data showed completely no effect on the Forex market. Although, the numbers came out in neutral level compared to the experts’ expectations, but they showed a moderate decline compared to previous values.

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