Date : 16th December 2014
EURUSD MAKING NEW HIGHS IN THE EUROPEAN SESSION. GERMAN ZEW ECONOMIC SENTIMENT ON TAP.
EURUSD MAKING NEW HIGHS IN THE EUROPEAN SESSION. GERMAN ZEW ECONOMIC SENTIMENT ON TAP.
URUSD dropped yesterday and closed at 1.2436. The Industrial Production in the United States rose more than the market expectations registering a 1.3 percent rise on a monthly basis in November – its highest rise since 2010. On the other hand the Empire State Manufacturing Index registered a sharp drop to a level of -3.6. The NAHB Housing Market Index also dropped to 57.0 in December.
Investors are now looking forward for the German ZEW Economic Sentiment and also the US Building Permits report.
Support for the EURUSD is seen at 1.2414 and resistance is seen at 1.2522.
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