1,1820 Resistance Level is Important / EURUSD / 15/01/2015 09:55:14Yesterday industrial production declined by 0,4 percent compared to the previous month in the Eurozone side while retail sales stay ramained below expected in the US side. The pair fell especially after the Draghi speech. Draghi said that ‘’we are ready for buying government bonds’’.
Today jobless claims, PPI and Philadelphia FED...
manufacturing index data will be followed by the markets. Especially PPI data should be followed carefully by the investors.
Technically 1,1820 resistance is critical level for the pair. In case of the pair breaking the this level, then the 1,19 level would be aimed in a short term. However in case of the pair staying below the 1,1820 level, then the selling pressure would be continue.