EURUSD rose on Friday and closed at 1.3130. In the week ahead markets are going to witness series of high impact releases on a daily basis including the speech of the ECB President Mario Draghi due later today. On Friday the G7 Meetings will be on the focus of most of the investors. With the current economic situation in the European Union and the lower minimum bid rate we might witness an interesting and volatile week on the markets. Support for the EURUSD is seen at 1.3055 and resistance is seen at 1.3159. The HotForex Traders Board shows that 57 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose on Friday and closed at 1.5572. Series of high impact economic releases from the United Kingdom are due in the week ahead including the Asset Purchase Facility, the Official Bank Rate and the MPC Rate Statements. Due to the bank holiday in the United Kingdom today we don’t expect much volatility on the market during the London session. Support for the EURUSD is seen at 1.5503 and resistance is seen at 1.5592. The HotForex Traders Board shows that 59 percent of the traders are short on the GBPUSD.
EURUSD trading at 1.31 level. ECB President Mario Draghi speaks later today.
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