The Euro lost ground against a resurgent dollar buoyed by economic data and central bank rhetoric, in what was an otherwise quiet session in the Euro-zone. ECB members speech at economic forum whilst Industrial Production .
Tech view
Euro is expected to trade in the range of 1.5370-1.5500 levels With good support seen at 1.5350 levels and key resistance is seen at 1.5530 levels.Currency is seen trading below the fast moving averages and Daily stochastics are trending down giving indication of the bear note in the counter.If the currency Breaks and sustains below the support level then can expect it to test 1.5430.
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