{"id":141359,"date":"2019-02-08T10:35:03","date_gmt":"2019-02-08T15:35:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141359"},"modified":"2019-02-08T09:12:56","modified_gmt":"2019-02-08T14:12:56","slug":"eurusd-analysis-slowing-euro-zone-business-activity-bearish-for-eurusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/eurusd-analysis-slowing-euro-zone-business-activity-bearish-for-eurusd\/","title":{"rendered":"EURUSD Analysis: Slowing euro-zone business activity bearish for EURUSD"},"content":{"rendered":"
February 8, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Slowing euro-zone business activity bearish for EURUSD<\/strong><\/p>\n

Euro-zone\u2019s private sector expansion slowed in December. Will the EURUSD<\/a> continue declining?<\/p>\n

After the European Central Bank January 24 decision to leave policy unchanged euro-zone\u2019s economic data have been negative on balance. The economy slowed in the fourth quarter of 2018 compared with the same period a year ago: Q4 GDP increased 1.2% over year after 1.6% growth in Q3. Retail sales growth was slower in December: it rose 0.8% over year after 1.8% increases in November. And private sector expansion slowed in January as evidenced by the Markit Composite PMI. Slowing of expansion in euro-zone economy is bearish for euro.<\/p>\n

\"EURUSD<\/p>\n

On the 4-hour timeframe EURUSD:H4 <\/b> is retracing after it hit 4-week high in mid-January.<\/p>\n