Daily Market Analysis by Hotforex Broker Date : 28th October 2014 EURUSD TRADING NEAR THE 1.2700 LEVEL IN THE EUROPEAN SESSION. DATA FROM THE UNITED STATES DOMINATES THE ECONOMIC CALENDAR TODAY. URUSD rose yesterday and closed at 1.2967. The European Central Bank reported that during the last week purchased 1.7 billion Euro worth of covered bonds. Data from Germany indicated that the German IFO Business Climate dropped to a level of 103.2 in October. The data from the United States followed the negative tone with the Pending Home Sales increasing less than the market expectations with a rise of 0.3 percent in September. The Flash Services PMI in the largest economy in the world also dropped to a level of 57.3 in October. Investors are now looking forward for the Core Durable Goods Orders and the CB Consumer Confidence releases due from the United States later today. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2713.