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EUR/USD is sending currency bears message

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Earlier today, official data showed that euro zone industrial production declined by 0.8% in Feb (month-on-month), missing analysts’ forecasts. Additionally, industrial production (year to year) rose less-than-expected in Feb, which pushed the euro lower against the greenback. As a result, EUR/USD declined under the Feb high, invalidating earlier breakout. How low could the exchange go in the coming days? In our opinion, the following forex trading positions are justified – summary: EUR/USD:

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