14.07.2014 - Industrial production in the eurozone has fallen unexpectedly

On the price chart of euro has formed the triangle pattern, which was due to a decrease in the amplitude of price fluctuations. The price of Euro rose despite the drop in industrial production in the euro area by 1.1% in May, compared with an expected growth of 0.3%. Further price movement will depend on the performances of Mario Draghi at 17:00 GMT. Signal to open positions will be fixing the price above 1.3650 or below 1.3590. We maintain our negative outlook for midterm targets at with 1.35 and 1.34.

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