EURUSD dropped on Friday and closed at 1.2682. The Gfk Consumer Confidence in Germany dropped for a fifth consecutive month to a reading of 8.3 in October. Data from the United States showed that the Final GDP rose 4.6 percent in the second quarter of 2014. The University of Michigan revised Consumer Sentiment rose to a level of 84.6 in September, market had expected a rise to 85.1.
The top fundamental releases of the week will be the Minimum Bid Rate and the ECB Press Conference due from Europe and the US Non-farm Payrolls report.
Support for the EURUSD is seen at 1.2667 and resistance is seen at 1.2783.
Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
EURUSD printed new lows at the start of the week. Light Economic Calendar for the session ahead.
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