EURUSD dropped yesterday and closed at 1.3825. The President of the European Central Bank Mario Draghi stated yesterday the ECB is closely monitoring the strength of the Euro and is ready to do what is needed to maintain price stability.
A release today indicated that the Core Durable Goods Orders in the United States fell to a reading of 0.2 percent month over month in February. On the other hand the Durable Goods Orders rose 2.2 percent in February.
Support for the EURUSD is seen at 1.3761 and resistance is seen at 1.3877. The HotForex Traders Board shows that 56 percent of the traders are short on the EURUSD.
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EURUSD trading below the 1.38 mark in the European session. ECB ready to do anything to keep the price stability in the Eurozone.
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