EURUSD rose yesterday and closed at 1.2939. The M3 Money Supply year over year in the Eurozone rose 3.2 percent in April. The German Unemployment rose by 21K in May. Investors are now awaiting the Unemployment Claims data due from the United States later today. Support for the EURUSD is seen at 1.2894 and resistance is seen at 1.2983. The HotForex Traders Board shows that 60 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.5128. The CBI Realized Sales in the United Kingdom dropped to a reading of -11 in May. The Nationwide House Price Index month over month came out at 0.4 percent. With the lack of UK domestic releases in the session ahead trading trends on the pair are expected to be determined by the releases from the United States. Support for the GBPUSD is seen at 1.5106 and resistance is seen at 1.5183. The HotForex Traders Board shows that 68 percent of the traders are long on the GBPUSD.
EURUSD continues to move higher during the European session. US Unemployment Claims on tap.
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