The EUR / USD forex trading on Friday declined as a result of the strengthening of the American currency against the background of published Producer Price Index in the US data. In June, the index increased by 0.1%, and in annual terms - by 1.7% with growth forecast at 0% and 1.6%, respectively. The base value of the index increased by 0.3%, and the annualized - 2.3% with growth forecast at 0.2% and 2.2% respectively. Eurozone data released on Friday industrial production. In May production increased by 0.9% and was reduced to 0.5% a year, with projected growth by 0.2% and decrease by 1.6%, respectively.
Technical EURUSD Forecast for tomorrow: The euro dollar closed the week trading above $ 1.1260 at the opening of trading on Monday is likely rostak around 1.1280, if the buyers will be able to gain a foothold, the growth will continue higher towards 1.1300. If sellers can overcome EURUSD 1.1210 support is likely to fall to 1.1180.
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