Negative macroeconomic statistics from the United States | 23 December 2020

23 December 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The U.S. National Association of Realtors said that existing home sales fell 2.5% to a seasonally adjusted annual rate of 6.69 million units last month. U.S. home sales fell more than expected in November after five straight month of gains amid a shortage of properties and more expensive houses, but the housing market remains underpinned by record low mortgage rates. The 30-year fixed mortgage rate is around an average of 2.67 percent, according to data from mortgage finance agency Freddie Mac. That is the lowest rate since the agency started tracking the data in 1971.

Investment idea: Buy 1.2170 and take profit 1.2220.

David Johnson
Analyst of «FreshForex» company
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