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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 75365, member: 32345"] [CENTER][b]Date : 23rd December 2014 EURUSD PRINTING NEW LOWS AHEAD OF THE US FINAL GDP REPORT.[/b][/CENTER] EURUSD rose yesterday and closed at 1.2229. Data released from the Eurozone indicated that the Consumer Confidence in the single currency bloc rose slightly to -11 in November. In Germany the Import Price Index dropped to -0.8 percent on a monthly basis in November. Data from the United States showed that the Existing Home Sales dropped to a six-month low in December coming at a reading of 4.93M. Investors are now looking forward for the Final GDP data for the 3rd quarter from the United States as well as the Core Durable Goods Orders month over month and the New Home Sales reports. During the time of the releases high volatility may be seen on the market and investors should be fully aware of that. Support for the EURUSD is seen at 1.2205 and resistance is seen at 1.2300. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/12/EURUSD-23-December-2014.jpg[/IMG][/CENTER] Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument. [/QUOTE]
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