Expected Sideways on Euro

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yesterday’s Trading: Tuesday’s American session saw the euro bulls managing to shift the maximum to 1.1057 using support from the euro/pound cross. The euro/pound rose to 0.7792. The euro received support in the cross from the release of positive statistics in the Eurozone. Eurozone GDP for Q4 of 2015 and industrial production in Germany came out better than expected. According to preliminary data, the Eurozone economy in Q4 grew by 0.3% QoQ and 1.6% YoY against an expected 0.3% QoQ and 1.5%

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