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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 72229, member: 32345"] [CENTER][B]Date : 1st November 2014 EURUSD HOLDS BELOW THE 1.2500 LEVEL IN THE EUROPEAN SESSION.[/B] EURUSD dropped on Friday and closed at 1.2523. The Retail Sales in the Germany dropped 3.2 percent on a monthly basis in September. The Consumer Price Index in the Eurozone matched the market expectations coming at a reading of 0.4 percent on an annual basis in October. The Unemployment Level remained unchanged at 11.5 percent in September. Data from the United States revealed that the US Michigan Consumer Sentiment rose to a level of 86.9 in October. Investors are now looking forward for the ISM Manufacturing PMI data due from the United States later today. Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585. [/CENTER] [/QUOTE]
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