Euro-Zone Industrial Production 0.1% vs 0.3% Forecast , EURUSD Slides !

Forex EuroZone
Forex EuroZone

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

The Euro-Zone Industrial Production rose 0.1% , from -0.4% in the previous months , missing forecast at 0.3%.

Year-Over-Year Euro-Zone Industrial Production fell 0.8%, from 2.1% in the previous month, Euro-Zone Industrial Production(Y/Y) was expected to rise 1.1% last month.

Market Impact : This development printed resistance at the 1.1247 levels, eyes on 1.1131 next, a cut would open 1.1048 levels . Resistance comes at the 1.1247 levels, a clear break above the 1.1247 levels will turn outlook neutral for retesting 1.1283/1.1330 levels before the next fall…

 

Euro-Zone Industrial Production

MARKET DATA

UPCOMING ECONOMIC EVENTS