The EU got a boost after German unemployment change data came out better than expected. In addition, core durable good orders and unemployment claims data out of the U.S. came out better than expected. The EU rally was halted when U.S. new home sales data disappointed the market. I am waiting to see if the 21 EMA H4 (purple dashed line on M30 chart) holds as support. If it does i will maintain my bullish bias and will look to go long.
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