EURUSD pushes higher ahead of the Existing Homes Sales report from the United States

EURUSD rose on Friday and closed at 1.3114. The annual Producer Price Index in Germany rose 0.6 percent in June. The industrial orders in Italy rose 3.2 percent month over month in May. During their meeting the G20 agreed to prioritise boosting growth and jobs for the near-term priority considering the fragile global recovery. During the meeting the action plan drawn up by the Organisation for Economic Cooperation and Development to crack down on tax avoidance by multinationals was also backed by the G20. The Economic Calendar today is very light and investors are focused on the Existing Home Sales report due from the United States later today. Support for the EURUSD is seen at 1.3129 and resistance is seen at 1.3192. The HotForex Traders Board shows that 66 percent of the traders are short on the EURUSD.