Forex - EUR/USD down at the end of U.S. session

Forex Pros - The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on New Home Sales.

EUR/USD was trading at 1.4090, down 0.75% at time of writing.

The pair was likely to find support at 1.3977, Thursday's low, and resistance at 1.4248, Tuesday's high.

Earlier in the day, official data showed that new home sales in the U.S. fell unexpectedly to a seasonally adjusted annual rate of 250.00K last month from 301.00K in the preceding month whose figure was revised up from 284.00K.

Analysts had expected new home sales to rise to 288.00K last month.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8679 and EUR/JPY falling 0.84% to hit 113.98.

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