Market Update: Eurozone Industrial Production Down by 0.2% - Forex News by FX Leaders

Market Update: Eurozone Industrial Production Down by 0.2%

Posted Friday, April 12, 2019 by
Arslan Butt • 1 min read

According to the Eurostat report, here’s an essential update on the industrial production in the Eurozone:

Industrial Production
In January 2019, industrial production grew by 1.9% in the Euro area and by 1.3% in the EU28.

In February 2019 compared with February 2018, industrial production declined by 0.3% in the Euro area and expanded by 0.3% in the EU28.

Seasonally Adjusted Industrial Production

In February 2019 compared with January 2019, seasonally adjusted industrial production dropped by 0.2% in the Euro area (EA19) and remained stable in the EU28.

EUR/USD is taking a bullish turn despite less favorable figures. In fact, the direct currency pair is trading precisely in line with FX Leaders Daily Briefing, April 12.

EUR/USD – Technical Levels
Support Resistance
1.1252 1.128
1.124 1.1296
1.1212 1.1325
Key Trading Level: 1.1268

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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