EURUSD heading toward the 1.33 mark ahead of the Advance GPD data from the United States

EURUSD rose yesterday and closed at 1.3262. The German Consumer Price index came out better than expected at a reading of 0.5 percent. The German Retails Sales month over month released today came out worse than the market expectation at a reading of -1.5 percent. On the other hand the unemployment level in the Eurozone came out at 12.1 percent which is better than the expected rise to 12.2 percent. Investors are now awaiting the GDP data release from the United States as well as the FOMC Meeting Minutes due later today. We are expecting possible volatility during the releases and investors should be fully aware of that. Support for the EURUSD is seen at 1.3235 and resistance is seen at 1.3293. The HotForex Traders Board shows that 69 percent of the traders are long on the EURUSD.

EURUSD heading toward the 1.33 mark ahead of the Advance GPD data from the United States