The German Manufacturing Purchasing Managers’ Index (PMI) fell 50.4, from 50.5 in the previous month, missing forecast of 50.8 in the last month…
On the hand, Euro-Zone Manufacturing Purchasing Managers’ Index (PMI) rose 51.4, from 51.2 in the previous month, passing forecast of 51.3 in the last month…
This development should keep the key support 1.1176/1.1223 intact, a consolidation within 1.1176/1.1285 range is likely, above 1.1285 will restore the upside momentum and turn the focus on the 1.1376 levels while a sustained breakout below 1.1176 will suggest short term topping and bring a corrective pullback towards the 1.1057 levels…
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EURUSD Daily Forecast Mar 22 2016
Outlook in EURUSD remains neutral with risk to the upside as long as 1.1223/1.1176 support holds on a daily closing basis, resistance comes at...
