EURUSD rose on Friday and closed at 1.3831. The German Ifo Business Climate dropped to a reading of 111.3 in October. On the other side of the ocean a report from the United States showed that the Core Durable Goods Orders rose 3.7 percent in September beating the market expectation of a 2.0 percent rise. Investors are now looking for the Pending Home Sales release due from the United States later today. Support for the EURUSD is seen at 1.3740 and resistance is seen at 1.3830. The HotForex Traders Board shows that 75 percent of the traders are short on the EURUSD.
EURUSD trading higher ahead of the US Pending Home Sales data
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