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Euro/Dollar: Euro Still Under Pressure

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Hourly Yesterday’s Trading: On Tuesday the US dollar was up against the euro. The currency’s strengthening slowed after weak US industrial manufacturing data came out. As soon as everything calmed down on the market, the euro again started to fall. The market stopped 30 points short of the 1.0600 level where we want it to be. This means that we should see a test of it today. US industrial manufacturing for October was down 0.2% (forecasted: 0.1%, previous: -0.2%). Main news of the day (EET):

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