FOREX TECHNICAL & NEWS ANALYSIS:EUR MAY BE BULLSIH AGAIN, EYES ON INDUSTRIAL PRODUCTION DATA

EUR/USD may be bullish again, investors waiting for industrial production data. Higher forecast of the industrial production already showing the effects on the pair.

If the industrial production data is better than expected the pair may add 50 pips. Some other economic data came positive to EUR. The other upcoming economic indicators of USD may have some effect later on the pair. If the pair become bullish, investor will trade it for short time and will take the final decision after USD data are released.