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Forex Fundamental Analysis: The euro keeps testing 1.2300

Forex Fundamental Analysis: The euro keeps testing 1.2300

The euro keeps testing 1.2300

04 December 2014, EUR/USD

Euro

The euro got under selling pressure and stayed almost at the current local lows. The reason for the cuttent disappointment can be the November final purchasing managers’ index (PMI) for the eurozone service sector supply and the bloc leading countries. The retail sales data can support a little the euro. The release is expected with an increase in October by 0.5% m/m and up 1.6% y/y vs. -1.3% m/m, 0.6% y/y.

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