News Snapshot:
EUR/USD: The European currency rose against the US dollar on Monday. Caution took over financial markets ahead of US important data later in the week. As for the macroeconomic statistics, the German July IFO Business Climate fell as companies revealed less optimistic expectations for the coming months. The US published June New Home Sales, which dropped and was also worse than market expectations. Today the focus will be on the US June Durable Goods Orders that could be up according to the forecast. The local resistance level is seen at 1.1825. A breakout up can trigger growth towards 1.1880. BUY...
