EURUSD dropped yesterday and closed at 1.3181. The second quarter GDP report from the United States showed an expansion of 4.2 percent on an annual basis better than the forecasted 3.9 percent rise. A separate report indicated that the Pending Home Sales in the largest economy in the world rose 3.3 percent on a monthly basis in July.
Data released today indicated that the annual inflation in the Eurozone dropped to a level of 0.3 percent in August. Investors are now looking forward for the Chicago PMI report due from the United States.
Support for the EURUSD is seen at 1.3157 and resistance is seen at 1.3291.
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EURUSD holding below the 1.3200 level after the CPI Flash Estimate report
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