The recent rise on home prices outweighed the earlier report on the finance ministers reaching a contingent deal on Greece aid package in the earlier trading sessions. And the positive tone set up by the Consumer Confidence have provided the USD lift.
However, this had provided a USD price recovery from its pivotal price take-off point at the 80.05/10 basis point. And currently working at the 80.33 levels as it continues to move higher in the session. The technical perspective of the USD Index have found some support higher that influenced the EURUSD to move slightly lower with a spill-over effect on the EURGBP cross rate moving south currently at the 0.8060 levels. This has been the norm of price action relative to thier correlation with the USD directly and inderectly; where traders mix reaction from the push and pull on the European debt crisis have provided the forex market the degree of trading difficulty between both continents.
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