The euro in forex trading on Wednesday, September 12 rose slightly, although it continued to trade in the range 1.1570 - 1.1650. Submitted reports on industrial production in the euro area were worse than expected, but strong influence on the quotes did not have. In July production volume decreased by 0.8%, and the annualized - 0.1% at the forecast decrease by 0.5% and increase of 1%, respectively. According to the United States presented data on the index of producer prices, which were lower than the predicted values, exerting downward pressure on the dollar. In August index fell to 0.1%, and the annualized rate increased by 2.8% with growth forecast at 0.2% and 3.2% respectively. The core index rose by 2.3% year on year, with projected growth of 2.7%.
EURUSD Technical Analysis and forecast, the euro keeps trading range 1.1570 - 1.1650, the output of which will indicate the direction of further movement. Securing the EURUSD rate above $ 1.1650 would open the way to 1.1740. In case of breakdown of 1.1570 podderki likely to decline in the euro to 1.1530 dollar quotations.
Analytics and forecasting the EURUSD Weltrade