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Expected sideways for Euro

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday’s Trading: Economic data from the US on Friday was ambiguous, allowing the euro/dollar to rise to 1.1316. The New York business activity index exceeded expectations. The index for industrial production and the university of Michigan’s index were worse than expected. The index for business activity from the federal reserve bank in New York was 9.6 for April (forecasted: 2.21, previous: 0.62). The index for industrial production in the US for March was down 0.6% MoM against a

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Unfortunately EUR/USD has been going sideways for weeks now.
     
  3. Valentina

    Valentina Member Trader

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    I think it has just bottomed in the current bullish wave on four-hour timeframe
     

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