EURUSD rose yesterday and closed at 1.3570. The single European currency advanced against its US counterpart after a report showed that the Conference Board Consumer Confidence index in the United States dropped to a reading of 70.4 in November. Positive comments from Joerg Asmussen who stated that the economic recovery in the Eurozone is going in the right direction also helped the Euro. Due to the Thanksgiving holiday in the United States tomorrow the Unemployment Claims data will be released one day earlier. Investors are also looking forward Core Durable Goods orders month over month data due from the United States today. Support for the EURUSD is seen at 1.3500 and resistance is seen at 1.3597. The HotForex Traders Board shows that 66 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.6213. The Governor of Bank of England Mark Carney shared his concerns about the UK job market and hinted that the officials will not hike the interest rates even if the economy in the UK shows signs of improvement. Investors are awaiting the Second Estimate GDP data due from the United Kingdom today. Support for the GBPUSD is seen at 1.6142 and resistance is seen at 1.6236. The HotForex Traders Board shows that 80 percent of the traders are short on the GBPUSD.
EURUSD is trading below the 1.36 level in the European Session. US Unemployment Claims data will be released today due to the Thanksgiving holiday in the USA tomorrow.
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