EURUSD dropped yesterday and closed at 1.2928. Because of the bank holidays in the United Kingdom and the United States the pair remained flat yesterday. The ratings agency Standard & Poor’s stated that France needs to keep up with its budget cuts in order to avoid further credit rating cut by the agency. Support for the EURUSD is seen at 1.2895 and resistance is seen at 1.2990. The HotForex Traders Board shows that 54 percent of the traders are long on the EURUSD.
GBPUSD
The Cable dropped yesterday and closed at 1.5099. With not much economic releases on the calendar today trading trends on the pair are expected to be determined by the CB Consumer Confidence release due from the United States. Support for the GBPUSD is seen at 1.5020 and resistance is seen at 1.5118. The HotForex Traders Board shows that 68 percent of the traders are long on the GBPUSD.
EURUSD trading lower today. CB Consumer Confidence due from the United States.
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