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Forex Fundamental Analysis: The GBP/USD made an attempt to grow

Forex Fundamental Analysis: The GBP/USD made an attempt to grow

22 January 2015, EUR/USD

Euro

The euro came under renewed pressure and fell against the dollar after a slight correction, but within the formed side range. The Germany producer price index (PPI) fell more than expected in December, -0.7% m/m, -1.7% y/y, while it was forecasted to see -0.4% m/m, -1.4% y/y vs. 0.0% m/m , -0.9% y/y in November. The foreign exchange market is frozen in anticipation of the important week events. The pair EUR/USD remains under pressure, but it slightly increased to the resistance level of 1.1600-1.1620. In general, the situation remains unchanged, the downtrend remains in force.

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