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FxWirePro:EURUSD trades lower after stall German GDP data,good to sell on rallies

EURUSD has pared some of its loss made yesterday after better than expected German prelim GDP data.Euro has jumped till 1.13414 on Feb 12th and shown a decline till 1.12489. The German 4th quarter GDP came at 0% compared to forecast of 0.1%. The pair jumped slightly till 1.12949 and pared gains made after the data. It is currently trading around 1.12518.

 

On the lower side, near term support is around 1.12480 low made yesterday and any violation below targets 1.12155/1.1200.

 

The near term major resistance is around 1.1300 and any violation above will take the pair till next level 1.13414 high made on Feb 12th/1.13830/1.1435.  

 

It is good to sell on rallies around 1.1300 with SL around 1.13420 for the TP of 1.12155.

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July 2 15:00 UTC Released

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449.6 Stale

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451.7 Stale

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48.6 %

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-1541 %

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January 22 19:00 UTC 831735831735m

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-1541 %

January 31 00:00 UTC 819915819915m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 819915819915m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 819915819915m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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