Wall Street finished in the green with the Technology sector leading the gains. The Dow Jones rose by 1.22% and the NASDAQ added 2% to its value. The US dollar traded higher against most major currencies as the New Home Sales rose more than expected at 619K vs. 521K forecast. Gold fell, to close at $1,227 an ounce. Crude Oil rose, to close at $49.12 a barrel.
The euro fell versus the dollar, to close at 1.1139. According to the 8-hour chart, the pair is trading close to the support level with negative momentum. Should the pair succeed in breaking below the support line, we might see a fall towards 1.10. However, a failure may change the momentum and lift the pair towards 1.13. Today, the German Business Climate is expected at 106.9 vs. 106.6 previously. The pound rose versus the dollar, to close at 1.4625. According to the 8-hour chart, the pair is trading near the upper band of the Bollinger Bands with the MACD above 0. Breaching the upper band may lead the pair towards 1.47, while dropping and crossing below the lower band may cause a fall towards 1.4350.