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Forex Fundamental Analysis: The dollar is believed to keep growing

Forex Fundamental Analysis: The dollar is believed to keep growing

The dollar is believed to keep growing

09 December 2014, EUR/USD

Euro

The dollar decreased against the euro at the yesterday trades. Earlier the euro fell sharply against the US dollar. The block industrial production can show a slight recovery due to the France and Italy industrial production increase expectations.The EU countries inflation rates will continue to note the region price pressures weakness. The pair tested the support near 1.2250-1.2270 that could hold back bears. Hence there was an attempt to develop an upward correction and the pair tested the resistance level of 1.2350-1.2370.

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