$EURUSD Forex Signal: Volume and Volatility Extremely Constrained
The EUR/USD pair was consolidating at the psychological level of 1.0700 as volume and volatility remained sharply lower than in the past few weeks.The EUR/USD pair reacted mildly to the latest German industrial production data that revealed that the economy is slowing. According to the statistics agency, industrial production rose by 0.3% on a MoM basis, an improvement from the previous -2.1%. The country’s industrial production rose by 1.6% on a year-on-year basis.
Expectations are that the economy remained unchanged in Q1 and expanded by 1.2% on a year-on-year basis. It jumped by 1.8% in the previous quaerter. Eurostat will also publish the latest employment change data.
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