EURUSD dropped yesterday and closed at 1.3262. The International Monetary Fund approved a tranche of 1.72 billion Euro to Greece yesterday. The GfK German Consumer Climate released today came out in line with the market expectation at a reading of 7.0. Investors are now awaiting the CB Consumer Confidence release due from the United States later today. Support for the EURUSD is seen at 1.3235 and resistance is seen at 1.3293. The HotForex Traders Board shows that 67 percent of the traders are short on the EURUSD.
GBPUSD
The Cable dropped yesterday and closed at 1.5337. The Mortgage Approvals in the United Kingdom rose less than expected in June coming at a reading of 58K. On the other hand the CBI Realized Sales came out better than the market expectation coming at a reading of 17 in July. During the session today the pair dropped around 50 pips and its currently trading below the 1.53 mark. Support for the GBPUSD is seen at 1.5357. The HotForex Traders Board shows that 59 percent of the traders are short on the GBPUSD.
EURUSD moves higher in the European Session. CB Consumer Confidence release due from the United States.
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