EURUSD dropped on Friday and closed at 1.3485. The Consumer Inflation Rate in the Eurozone dropped to a level of 0.7 percent year over year in January. The Unemployment Rate in the Eurozone remained at 12.0 percent in December. The Retail Sales in Germany unexpectedly dropped 2.5 percent month over month in December.
It’s going to be a busy week for the FX markets with the US NFP report due on Wednesday and the ECB Press Conference and Minimum Bid Rate due on Thursday. In the session ahead investors will be looking forward for the ISM Manufacturing Purchasing Managers Index due from the United States.
Support for the EURUSD is seen at 1.3476 and resistance is seen at 1.3575. The HotForex Traders Board shows that 56 percent of the traders are long on the EURUSD.
EURUSD pushing above the 1.35 level in the European Session. ISM Manufacturing PMI from the United States on tap.
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