EURUSD dropped yesterday and closed at 1.3199. The single European currency advanced in the first part of the day after positive Manufacturing and Services PMI data from Germany and France. The Preliminary Manufacturing Purchasing Managers Index in the Eurozone rose to a reading of 50.1 in July. The Preliminary Services Purchasing Managers Index also rose of 49.6 in July. Looking ahead in the session we have two important releases due from the United States. Investors are focused on the Core Durable Goods Orders month over month and the Unemployment Claims release. Traders should be fully aware of the potential high-impact on the market during the releases. Support for the EURUSD is seen at 1.3161 and resistance is seen at 1.3244. The HotForex Traders Board shows that 60 percent of the traders are short on the EURUSD.
EURUSD trading lower ahead of the Unemployment Claims data from the United States
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