Improving US Pending Home Sales could mean Further Up for USD

Fundamental Info: The report of Pending Home Sales US has just been released and showed much of an improvement in the US property market sector which has been slowing down during the pandemic. This could set a further strength to USD.

Technical Analysis: EURUSD on 4H chart has just made a breakout on the strong level of support at 1.1670 which could indicate a futher south of the currency pair.