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Eurozone industrial production contracted for a second consecutive month in August, falling 0.5% mom against expectations for a 0.1% increase. July’s reading was revised downward from an initially reported 0.1% decline to a 0.3% contraction, Read more…
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Intraday bias in EUR/USD stays neutral first. Further decline is expected as long as 1.1276 resistance holds. Break of 1.1111 will extend the fall from 1.1710 to 1.0904 fibonacci level. However, considering bullish divergence condition Read more…