U.S Pending home sales rise;

(16:00 GMT)
The U.S Pending Home Sales report released earlier today showed a rebound in December, with a rise of 6.3%  in home sales (the forecast was 0% change).
This better than expected outcome has stimulated a positive open for U.S equities and brought back some risk appetite into the Forex market.

EURUSD is sharply up since the beginning of the New-York trading session, now under way to test 1.3 psychological  resistance level. A clear break above 1.3 could take the pair higher to meet its next resistance at 1.3115 in the coming days.

GBPUSD- is still trading under its opening level this week, but so far maintains the bullish sentiment keeping last week’s up move intact. Now trading around its first resistance area 1.44. If breached, The next resistance area expected at 1.4493.

Z.Georgi

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