EUR/USD
The pair is consolidating near the opening level of 1.1814. Weekly closing above the 1.1800 strengthened
the bulls’ position, but a short-term correction can still move the euro to
support in the area of 1.1600.
1.20 is still actual, especially if the macro statistics which will be published
in the US
this week disappoint Forex traders as well as Friday's inflation data. Euro
zone is publishing the data on the volume of industrial production today, which
is likely to show a decrease compared to the previous month.
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