Date : 17 July 2014 EURUSD CONTINUES TO TRADE NEAR THE LOWS AHEAD OF THE US UNEMPLOYMENT CLAIMS REPORT. EURUSD dropped yesterday and closed at 1.3524. In the 2nd day of her testimony the Fed Chief Janet Yellen continued to support the US dollar. She convinced the lawmakers that Fed would start raising interest rates earlier and faster than expected once the inflation and employment conditions improve. The housing market in the United States jumped to a six-month high level of 53 in July. The Producer Price Index rose 0.4 percent month over month in June. The Fed’s Beige Book survey revealed that the economy in the US grew in all regions in June and early July. Data released today indicated that the inflation in the Eurozone remained at 0.5 percent on an annual basis in June. Investors are now looking forward for the Building Permits, Unemployment Claims and the Philly Fed Manufacturing Index due from the United States. Support for the EURUSD is seen at 1.3523 and resistance is seen at 1.3594. 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.