EUR/USD stabilizes lower for first session in 3

Euro fluctuated lower in a narrowly range during the Asian session against the US dollar, on the threshold of developments and economic data expected today by the euro-zone and the US economies.

As of 04:21 GMT, EUR/USD fell 0.04% to $1.1252, compared with the opening at $1.1257, after reaching a low of $1.1254, while reaching a high of $1.1261.

Investors are currently looking for the euro-zone economy as a whole to release the consumer confidence index, which may reflect a deflationary stability of about 7, unchanged from last March, before we see the US economy disclosing housing market data With the reading of the house price index, which may reflect a stable growth of 0.4%, unchanged from January.

This comes before we witness the release of the largest economy in the world's reading of the new home sales index, which may reflect a stable 0.4% growth, unchanged from January, while the new home sales index may drop 3.0% to 647,000 versus 4.9% at 667,000 in February, in conjunction with the Chicago PMI reading, which may show a 10-month widening stability.