New Home Sales Saves the day again for the Greenback.

I've not made any new trade in almost 72 hours.The amount of time represents the duration of the currency market trading in range, probably longer. Finally with today's market with market's anticipated for the German IFO as the key indicator of the day. It turned out good enough to bring euro bull back in the original bullish trend line. However, the market showed reaction as little as 25 pips within the first 20 minutes and low volatility were spotted. It was followed by the U.S. Durable Goods Orders reported lower then expected furthering the euro bulls higher attempting to break 1.2900 but was terminated at 1.2890. Followed by the next hour is the New Home Sales for the month of April was reported much higher than expected. This higher than expected home sales data has caught the market with surprise due to the increase in mortage loan interest in April that would naturally cause a fall of numbers in home sales. Well, the market got caught off guard, was extremely bullish and HOPEFULLY PLEASE, this movements does not end now and hopefully with more USD data tomorrow, more actions will be seen.

Trades remains unchanged and will only be updated when trades are closed or opened.