Euro Zone Industrial Production Up 0.6% In July, EURUSD Found Support Around 1.1329 !

forex inflation
forex inflation

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 0.6%, from -0.3% in the previous month, passing forecast of 0.3%.

Market Impact: This development should support EURUSD in short-term view, the pair printed support at 1.1329 levels, stability above this level on a 4 hour closing basis will keep pushing upward toward daily chart resistance around 1.1420 levels, below 1.1329 on a 4 hour closing basis will suggest a corrective pullback towards daily support 1.1278/1.1253 levels before the next rise…

Euro Zone Industrial Production