EURUSD dropped yesterday and closed at 1.3685. The FOMC Meeting Minutes indicated a continuation of the tapering of the asset purchase program of Fed. The President of the Federal Reserve in San Francisco John Williams highlighted the possibility of a first interest rate hike in the summer of 2015.
Data released today indicated that the Manufacturing PMI in the Eurozone fell in Germany, France and globally as well, while the Services PMI fell only in France. The Unemployment Claims report from the United States came out worse than expected showing an increase of the jobless claims to 326K during the last week, but the EURUSD kept moving lower near the session lows. Investors are now looking forward for the Existing Home Sales report due from the United States.
Support for the EURUSD is seen at 1.3650 and resistance is seen at 1.3724.
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EURUSD keeps moving lower even after the worse than expected Unemployment Claims report from the United States
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