Earlier today, the euro moved lower against the U.S. dollar after data showed that existing home sales fell by 0.2% in the previous month to 4.59 million units, beating expectations for 4.55 million units. In reaction to this, the common currency approached an important support line once again. What impact could it have on future price moves?

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Yesterday, the British pound declined against the U.S. dollar and invalidated the breakout above the previous 2014 high. This was a bearish signal and we have seen its effects earlier today as GBP/USD extended losses. Does this mean that investor sentiment waned? Could we see a sizable downswing in the near future?

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Earlier today, the British pound extended gains and hit a 4-1/2 year high against the greenback as upbeat U.K. employment data released on Wednesday still weighted on the pair. Thanks to these circumstances, GBP/USD broke above the important resistance zone. Despite this bullish sign, the exchange rate reversed. Will the buyers manage to close the day above the previous 2014 high?

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Earlier today, the British pound rebounded sharply after data showed that the U.K. unemployment rate drop to a five year low of 6.9% in the three months to February. In reaction to this, GBP/USD almost touched a 4-year high. Will we see further rally or rather a triple top?

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The common currency declined against the U.S. dollar after stronger-than-expected U.S. economic data. Earlier today, the Labor Department showed that the CPI rose 0.2% in March (above expectations for a 0.1% increase), while the core consumer price index (without volatile food and energy items) rose 0.2% last month (also above forecast of a 0.1% gain). Thanks to these better-than-expected numbers, the exchange rate tested the strength of the major support line. Will it stop sellers?

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