Hello everybody hope you are fine. Another week started with greenback extending gains against the Gbp and the Euro early in the Asian session, again more on these last weakness than in dollar strength. Yet despite the new two years low in the Pound, market forces seem quite balanced at the moment, as the U.S. economy continues to worry; in the next days, we will have a lot of fundamental data, that could define majors trend for longer term, although still sentiment is ruling the market. Today, we have only one major report to take care of, Existing Home Sales in the U.S at 10:00 East Time, expected better than previous month, so it’s seems unlikely majors past trough any key technical level to confirm wether actual trend will continue or not. Anyway, I don’t expect too much for today, besides some spikes by the time of the report. I will be back in a few minutes with some technical’s. Have a great day!
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