Home Analysis Euro bounced back on strong industrial production data

Euro bounced back on strong industrial production data

75
0
Euro bounced back on strong industrial production data - forexspacex.com

According to Eurostat the statistical office of the European Union, Industrial production rose by 0.9% in the euro area in September 2022 as compared to the previous month. The production of non-durable consumer goods rose by 3.6% and capital goods by 1.5%, while the production of intermediate goods as well as durable consumer goods fell by 0.9% and energy by 1.1%.In the EU, the production of non-durable consumer goods rose by 3.1% and capital goods by 1.7%, while the production of intermediate goods as well as durable consumer goods fell by 0.6% and energy by 2.0%. This industrial production data provided the near-term catalyst for the Euro and the price is currently testing the 200-day exponential moving average on the daily chart.

Important Pivots

NameS3S2S1Pivot PointsR1R2R3
Classic1.01881.02301.02751.03171.03621.04041.0449
Fibonacci1.02301.02631.02841.03171.03501.03711.0404
Camarilla1.02961.03041.03121.03171.03281.03361.0344
Woodie’s1.01901.02311.02771.03181.03641.04051.0451
DeMark’s1.02531.03061.0340

Ref link


Disclaimer

Forex trading can be extremely risky and should only be done in the presence of an expert. We do not recommend any currency pairs or options to buy or sell to our readers. Forecasts or articles available on this website do not constitute investment advice and are only for general information. Kindly consult with a professional financial advisor before using the information on this website for trading or investing.

Previous articleWatch out for the top economic events due this week
Next articleAustralian dollar spikes higher on upbeat jobs data

LEAVE A REPLY

Please enter your comment!
Please enter your name here