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[QUOTE="HFM, post: 73456, member: 32345"]
[CENTER][b]Date : 20th November 2014

EURUSD TRADING SIDEWAYS AHEAD OF THE CPI AND UNEMPLOYMENT CLAIMS DATA FROM THE UNITED STATES.[/b]

EURUSD rose yesterday and closed at 1.2553. The ratings agency S&P warned the European Central Bank about its monetary stimulus program yesterday. According to the S&P the associated with it could potentially lead to another recession in the EU. The FOMC Meeting Minutes in the United States indicated that the policymakers discussed the option to retain the interest rates to the current low levels for a longer period. Later on they came to a conclusion that the rate increases would depend on the economic situation in the largest economy of the world.

On the economic front the Building Permits in the US surprised the markets recording a rise of 1.08M in October.

Investors are now looking forward for the CPI data and the Unemployment Claims report due from the United States.

Support for the EURUSD is seen at 1.2444 and resistance is seen at 1.2547.

[img]https://blog.hotforex.com/wp-content/uploads/2014/11/EURUSD-20-November-2014.jpg[/img]

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.[/CENTER]
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