EURO ZONE Industrial Production (MoM) Forecast Jan 14 2015

Outlook in EURO ZONE Industrial Production (MoM) remains on the downside as long as 0.9% level holds , and further decline towards/below -1.4% levels is expected …

However ; we have 3 scenarios :

1- Any upside move should be limited by 0.5%:0.9%  levels , so any reading within this range , will keep the EUR under pressure and further decline should be seen even in case of recovery !

2- Any upside move above 0.9% levels might expose the nearest resistance and could bring strong rebound for the EUR before the next fall..next resistance comes at the 1.6% levels.

3- Any reading below 0.1% will keep the EUR under heavy pressure with risk for more decline …

It will be published on Wednesday Jan 14 2015 , at 10:00 GMT..

 

EURO ZONE Industrial Production (MoM) Forecast Jan 14 2015

 

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