German PMI Down 50.4 In March, Euro-Zone PMI Up 51.4, EURUSD Tests 1.1176 Before The Next Up!

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

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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...

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