EURUSD dropped yesterday and closed at 1.3685. The New Home Sales in the United States rose to a reading of 468K in January. The President of the United States Federal Reserve in Dallas Richard Fisher hinted that Fed is going to continue tapering the size of its asset purchase program in the future policy meetings unless there is a significant correction in the nation stock market. The Cleveland Fed President Sandra Pianalto also opined that the central bank should keep reducing the size of its asset purchase program as long as the job gains continue and the economy growth meets the expectations.
In a release today the Unemployment Claims in the United States rose slightly during the previous week, but on the other side the Core Durable Goods Orders recorded a gain of 1.1 percent in January.
Support for the EURUSD is seen at 1.3645 and resistance is seen at 1.3747. The HotForex Traders Board shows that 54 percent of the traders are short on the EURUSD.
EURUSD trading lower in the European session. US Core Durable Goods Orders rose in January.
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