{"id":138435,"date":"2018-12-06T10:45:22","date_gmt":"2018-12-06T15:45:22","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138435"},"modified":"2018-12-06T06:15:20","modified_gmt":"2018-12-06T11:15:20","slug":"eurusd-forex-analysis-better-than-expected-data-support-eurusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/eurusd-forex-analysis-better-than-expected-data-support-eurusd\/","title":{"rendered":"EURUSD Forex Analysis: Better than expected data support EURUSD"},"content":{"rendered":"
December 6, 2018<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Better than expected data support EURUSD<\/strong><\/p>\n

Euro-zone producer prices and sales rose more than expected in October. Will the EURUSD <\/a> recovery continue?<\/p><\/blockquote>\n

Recent euro-zone economic data were better than expected: retail sales and producer prices rose more than expected in October. Retail sales rose 0.3% in October instead of 0.2% as expected. At the same time producer prices grew 0.8% instead of 0.5%. These positive surprises took place while Markit\u2019s Composite PMI was revised slightly higher to 52.7 in November from a preliminary reading of 52.4, though it still slipped from 53.1 in October. Positive euro-zone data are bullish for EURUSD.<\/p>\n

\"EURUSD<\/p>\n

On the daily timeframe EURUSD: D1 <\/b> breached above the resistance line but then retraced lower, and now is about to test it again.<\/p>\n