Industrial output slowing in Germany bearish for EURUSD
Industrial production expansion slowed in Germany in July. Germany’s statistics agency Destatis reported country’s industrial production rose 1.2% over month in July after 9.3% rebound in June, when a 4.5% growth was expected. This is bearish for EURUSD.
Summary of technical analysis
|Buy stop||Below 1.1762|
|Stop loss||Above 1.2009|
Market Analysis provided by IFCMarkets.com
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