EURUSD dropped yesterday and closed at 1.3634. Data released from the United States showed that the Durable Goods Orders rose 0.8 percent in April. The President of the United States Federal Reserve in Atlanta Denis Lockhart stated that the US Central Bank is not in a rush to exit its loose monetary policy. Lockhart also stated that he expects a 3.0 percent growth of the economy in the United States. The ECB President Mario Draghi stated in a press conference that bank is concerned about the deflation risks and prepared to act if needed.
Data released today showed that the unemployment in Germany rose unexpectedly in April to a reading of 24K.
Support for the EURUSD is seen at 1.3616 and resistance is seen at 1.3687.
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EURUSD trading near the 1.36 lows as German Unemployment unexpectedly rises in April
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