EURUSD rose on Friday and closed at 1.3277. Officials from the Eurozone approved the transfer of 4 billion Euro of funding to Greece. The import price index data from Germany dropped more than the market expectation in June. In the United States the Final Consumer Sentiment rose to a reading of 84.1 in July reaching its six year high level. Investors are now awaiting the Pending Home Sales month over month data 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 68 percent of the traders are short on the EURUSD.
GBPUSD
The Cable dropped on Friday and closed at 1.5380. A report released today showed that the Net Lending to Individuals month over month came out close to the market expectations at 1.5 billion Sterling in June. Investors are now awaiting the CBI Realized Sales due from the United Kingdom later today. Support for the GBPUSD is seen at 1.5322 and resistance is seen at 1.5415. The HotForex Traders Board shows that the long on the short positions on the GBPUSD of the clients are even.
EURUSD trading near the 1.33 mark at the start of the week. Pending Home Sales data due from the United States.
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