EURUSD rose on Friday and closed at 1.3379. With the lack of releases from the Eurozone today trading trends on the pair will be determined by the releases due from the United States later today. Investors are awaiting the Core Durable Goods Orders month over month release from the United States. Support for the EURUSD is seen at 1.3298 and resistance is seen at 1.3407. The HotForex Traders Board shows that 71 percent of the traders are short on the EURUSD.
GBPUSD
The Cable dropped on Friday and closed at 1.5565. Due to the bank holiday in the United Kingdom we don’t expect much action on the pair today. Trading trends are expected to be determined by the Core Durable Goods Orders month over month release due from the United States. Investors should be aware that due to the bank holiday there will be no trading on the UK individual shares and indices today. Support for the GBPUSD is seen at 1.5536 and resistance is seen at 1.5650. The HotForex Traders Board shows that 53 percent of the traders are short on the GBPUSD.
EURUSD trading below the 1.34 mark. US Core Durable Goods Orders data on tap.
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