We have the big economic event of the week in US New Home sales tomorrow at 10:00 am EDT. Weak numbers are expected of course, especially after today’s weak Existing Home Sales numbers.
We will probably see volatility after the report, maybe even a short term trend, but it may be short lived as many traders wait for the big FOMC decision on interest rates.
I will look to long EUR/USD after tomorrow’s report, so stay tuned for a possible trade idea in the morning US session. Until then, good luck, and good trading!