EURUSD rose yesterday and closed at 1.2813. The German Retail Sales month over month increased with 0.4 percent in February. The Unemployment Rate in the country came out worse than the market expectation reaching 13K. The M3 Money Support year over year in the Eurozone came out at 3.1 percent which was just 0.1 percent worse than the market expectation. On the other side of the ocean the Unemployment Claims in the United States increased in the previous week reaching 357K. The Final GDP quarter over quarter in the United States came out at 0.4 percent in the fourth quarter of 2012. With the bank holidays in Europe and Canada today we don’t expect serious movement on the market. Support for the EURUSD is seen at 1.2756 and resistance is seen at 1.2853. The HotForex Traders Board shows that 60 percent of the traders are long on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.5188. The Nationwide House Price Index month over month remained flat in March following the increase of 0.2 percent in February. The Index of Services 3m/3m in the United Kingdom released yesterday came out in line with the market expectation at -0.2 percent. Support for the GBPUSD is seen at 1.5140 and resistance is seen at 1.5213. The HotForex Traders Board shows that the number of long and short positions in the HotForex pool is equal.
EURUSD trading in tight range near the 1.28 level
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