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Dear trader,

Economic data releases have a high impact on the markets so staying up-to-date on the latest news can have a positive impact on your trading results.

Latest Forex Trend Report - EUR/USD Weakens Further to Reach 27 Week Low
+ What's Trending: EUR/USD weakens further to reach a 27 week low.
+ Headline: Following Germany's gloomy industrial numbers this popular currency pair has continued its slide.

The EUR/USD pair is trading lower at 1.2279, after hitting a low of 1.2276 after Germany’s economic data release. The pair suffered after the euro zone’s economic leader increased its industrial production by a tiny 0.2% in the month. This is following the previous months a 1.1% growth. On Friday, the NFP added further pressure to the EURO currency by posting better US jobs data has forced the Euro to a two year low.
+ Projection after Analysis: Support is seen at 1.2236, below which it could extend losses to 1.2191.

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Wishing you successful investing

George Miller
Yadix Auto-Trading Team

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