EURUSD rose on Friday and closed at 1.3521. The President of the New York Federal Reserve William Dudley indicated that the economic recovery in the United States still needs support. Dudley also added that the labor market is not healthy yet and that the inflation should firm in the coming months. The President of the Chicago Federal Reserve Charles Evans shared similar views stating that there is a chance that FED may not scale back its bond-buying program until the early 2014. Support for the EURUSD is seen at 1.3472 and resistance is seen at 1.3550. The HotForex Traders Board shows that 68 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose on Friday and closed at 1.6137. The Governor of Bank of England Mark Carney stated that the economic recovery in the United Kingdom is gaining momentum and there is no need of further quantitative easing. Support for the GBPUSD is seen at 1.6062 and resistance is seen at 1.6171. The HotForex Traders Board shows that 76 percent of the traders are short on the GBPUSD.
The Italian crisis pressurized the single European currency. EURUSD is trading below the 1.35 mark.
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