EURUSD dropped yesterday and closed at 1.3660. The policymakers from the United States Federal Reserve voted unanimously to apply further cuts in the stimulus program. The US Central Bank announced further 10 billion USD reductions in its asset purchase program to 65 billion USD per month. Fed decided to keep the interest rate at the record low level until the unemployment in the country drops below 6.5 percent.
In a release today the Germany Unemployment dropped unexpectedly to a reading of -27K in January. In Spain the Flash GDP quarter over quarter came out in line with the market expectations at 0.3 percent for the 4th quarter of 2013.
Investors are now looking forward for the Advance GDP data and the Unemployment Claims data due from the United States later today. Support for the EURUSD is seen at 1.3574 and resistance is seen at 1.3685. The HotForex Traders Board shows that 52 percent of the traders are long on the EURUSD.
EURUSD continues to push lower ahead of the US Advance GDP and Unemployment Claims data
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