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Wednesday, 4 May 21:50 (GMT -05:00)



Foreign exchange market

EURUSD: Negative Sentiments

EURUSD

 

 

The eurozone’s poor macroeconomic stats intensified the negative sentiments. In particular, Asian-Pacific markets showed some negative dynamics this morning.

 

 

 

 

 

 
The eurozone’s manufacturing PMI declined by 1.8 points down to 45.9 in April 2012. The data came out worse than expected.
The eurozone’s rate of unemployment increased by 0.1% (m/m) up to a new record – 10.9%.
 
Forex.
 
According to Masterforex-V Academy, EURUSD is forming a small-scale retracement wave, which may turn into either wave B or wave 4 inside the current bearish pattern.

 

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Text: Alex von Stachelkopf, трейдер кафедры СРП Академии трейдинга Masterforex-V
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