As of Monday, the number of sales of newly built homes in the United States fell to 960,000 units, down 3.5 percent year-on-year. Compared to August, the number of sales of newly built houses was up to 1 million units.

The Conference Board Consumer Confidence, which represents Americans, fell from 101.3 to 100.9 on Tuesday, in stark contrast to analysts’ expectations. It is forecast to increase to 102.1.

The Conference Board Consumer Confidence is data from a survey of more than 3,000 American households, representing the entire population of Americans, likely to reduce unnecessary spending as a motivating factor and it makes the economy run slower.

The European Union (EU) on Tuesday released its M3 Money Supply report, with annual data up 10.4 percent. it should also be noted that when the European Central Bank implements this policy, it means along with investment that the amount of euro supply is increasing, which is the main factor driving the increase in spending.

Pivot Point: 1.18200

R1: 1.18500                S1: 1.18000

R2: 1.18900                S2: 1.17800

R3: 1.18900                S3: 1.17600

Today forecast, investor should make a long position in product EURUSDx at current price of 1.18100 by setting take profit at 1.18900 and stop loss at 1.17500.

Analyzed by: Mr. Long Samnang,Independent Analyst