EURUSD rose yesterday and closed at 1.3577. During the ECB Press Conference the President of the European Central Bank Mario Draghi stated that ECB is ready to cut the interest rates if needed. The European Central Bank left the Minimum Bid Rate at 0.50 percent. In the United States the ADP Non-Farm Employment Change came out lower than the market expectation showing 166K jobs added in September. Market had expected 177K. In the session today the pair made fresh highs reaching 1.3622. Investors are now looking forward for the Unemployment Claims release and the ISM Non-Manufacturing Purchasing Managers Index. Investors should be fully aware that any potential comments from the United States or the Eurozone may bring high volatility on the market due to the current market situation. Support for the EURUSD is seen at 1.3508 and resistance is seen at 1.3610. The HotForex Traders Board shows that 72 percent of the traders are short on the EURUSD.
EURUSD reached the 1.36 level after the ECB Press Conference. US Unemployment Claims on focus today.
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