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News and Review of European Economic Zone

 

Potential support for European unification Rescue Institute Push Up Euro

Monday, March 19, 2012

 

In trading Monday seems to have the euro exchange rate movements tend to be limited to the U.S. dollar (19/03). Nevertheless the euro is still trying to continue rising against the U.S. dollar supported by expectations that European officials will discuss the combination of a rescue European institutions in order to build financial bentng in the euro area.

 

Expectations of financial austerity program of Italy are also likely to occur. This week the Italian Mario Monti PM reportedly to hold talks with unions and employers to revise the labor law.

 

In today's trading the euro exchange rate seems to have increased and traded at 1.3177 dollars a position. The euro moved higher than the position of the close of trading last week that was in the position of 1.3166 dollars. Movement of the euro this morning appears limited because market players are still waiting for the certainty of the next European crisis management program.

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News and Review of European Economic Zone (Spain)

 

Spain Rising Bad Debts

Tuesday, March 20, 2012

 

The ratio of bad loans in the Spanish banking sector rose to its highest level in 17 years as the biggest weakness of economic activity 4 in the euro zone. Data released by the Bank of Spain showed 7.91% of bank lending, worth? 140.03 billion, has been in arrears for more than three months. This is the highest ratio of bad loans since November 1994 and far exceeds the normal level of 1% in 2008 when the Spanish property bubble has not burst.

 

Data also showed reduced lending 3.2% in January; indication of banks are still reluctant to lend due to tight liquidity and protracted economic slowdown in Spain. Bank of Spain also predicted the ratio of bad loans will increase during the year 2012 given the Spanish economy would contract by 1% for this year.

 

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3197, 1.3244 daily high level away from

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EURUSD: Test Resistance at 1.3243

Tuesday, March 20, 2012

 

Visible movement of EURUSD is testing a strong resistance area where if the price broke through the resistance 1.3243 then there are chances of 1.3299 resistance will be the next target movement. But beware as well as stochastic indicators are bearish divergence condition there is a tendency that prices will move down towards 1.3186 support.

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News and Review of European Economic Zone

 

Swiss industrial production rose sharply

Tuesday, March 20, 2012

 

Swiss industrial production rose 7.9% in the fourth quarter of 2011 after the previous quarter fell 1.4%, according to data released by the Swiss Statistics.

 

Previous analysts expect a lower growth of 0.4%.

 

On an annual basis, the Swiss industrial production fell 1.4% in the fourth quarter 2011 compared with the attenuation recorded in the previous quarter and also higher-than-expected weakening of 2%

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News and Review of European Economic Zone

 

Acceptance of the Greek bailout vote, accompanying the increase Euro

Wednesday, March 21, 2012

 

The euro strengthened against the yen on Wednesday session, as investors hunt for European currencies following the approval of the Greek parliament to accept the bailout fund and the savings are well in between.

 

In Asia trading session on Wednesday, the euro strengthened against the yen monitored, up 0.34 level touch 111.07, trading between 110.64 and leval below the top level session session at 111.10.

 

Greek parliament chose to approve the government plan to take bailout money from the current loan scheme, including the 130 billion euro rescue fund approved by the European Union, European Central Bank and International Monetary Fund earlier this year.

 

The move would bury the fears about the reaction to the austerity measures demanded of European countries and multilateral creditors in return for aid.

 

Approval must set the pace for the increasing demand for European assets such as stocks and other securities, which is bullish for the euro.

 

The news eased fears stemming from comments made by global mining giant BHP Billiton, which predicts China's demand for iron ore, the main ingredient for making steel, is likely to be flat by the year 2020 after jumping from 2000 to 2012.

 

The euro, meanwhile, tracked the dollar rising against the pound and Australia. Against the pound, the euro rose 0.26 percent to a level of 0.8358 and the euro strengthened against the Australian dollar, up 0.01 percent at 1.2620 level.

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News and Review of European Economic Zone (UK)

 

BoE Minutes eclipsed Sterling Performance

Wednesday, March 21, 2012

 

Difficulty maintaining the strengthening of sterling after BoE minutes show a willingness to add monetary stimulus to help restore the UK economy. GBP / USD is now trading 1.5857, 1.5923 daily high level away from

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News and Review of European Economic Zone (UK)

 

Annual budgets Also Be Factor Activator British Pounds

Wednesday, March 21, 2012

 

The focus of market participants, especially Pound Sterling today will be focused on the UK government's budget which was presented before the Parliament at the same time the announcement of Britain's annual budget to be submitted by the Finance Minister of England, George England.

 

Expectation is there will be a reduction of taxes on residents who have incomes above? 150.000 from 50p to 40P, but there is still a risk of tax increases amid the focus of the government's austerity budget in order to reduce the level of state debt.

 

Last week, ratings agency Fitch Ratings warned that the UK budget will confirm the commitment expected from the government to reduce the deficit.

 

Fitch has changed the outlook for Britain's credit rating from stable to negative, because there are still opportunities in the UK AAA rating downgrade two years amid the risk of European debt crisis and sovereign debt level is high enough. In addition Fitch has also added the decision of this outlook change reflects the fiscal constraints the UK to absorb the economic shock following the debt level is already high.

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News and Review of European Economic Zone

 

Euro Rebounds In Ascending Triangle, Expect Improvement in Manufacturing and Services Sectors

Thursday, March 22, 2012

 

After moving down in trading yesterday, the Euro today (22-03, 04:16 GMT) turned higher against other major currencies. Opened at 104.67 in early trading (00:00 GMT) has rebounded about + 9 + pips or about 0.09% and the scrolling seems to be in the range of 104.76.

 

Meanwhile, yesterday reported the performance of European stocks fall, dragged down by weak reports the U.S. housing sector. DJ EURO STOXX 50 index on the monitored closed down about -0.64% at 2503.00, the UK stock index futures FTSE 100 fell by about -0.27% at 5833.50. While the French CAC index of 40 futures exchanges reportedly closed down -0.35% to 3527.50 and Germany's DAX stock index futures were reported closed down -0.17% at 7088.50.

 

Flash Manufacturing PMI Index will be released this afternoon, is expected to increase to 49.6 from 49.0, and thus also expected to Flash Services PMI rose to 49.3 from 48.8. Normal range of movement of the Euro on the day the index is expected to have a support level at around 104.41 and resistance level at around 105.09.

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News and Review of European Economic Zone (UK)

 

Sterling Nearly Flat Ahead of Retail Sales

Thursday, March 22, 2012

 

Session until noon on Thursday (22/3) Sterling had eight hours more just to move sideways in the range between 1.5850 s / d 1.5880 after thrown from the highest level in 2-weeks in the previous session.

 

Tergerusnya GBP mainly triggered by the release of policy meeting minutes last Bank of England lending data dovish and British public sector rose above expectations. While the 2012 budget plan presented to the Finance Minister George Osborne is still largely considered to be neutral for the Sterling.

 

The trader who has been bullish on Sterling had to swallow disappointment again after the central bank meeting minutes at the beginning of this month showed that some policy makers are calling for the addition of further monetary stimulus. While investors would anticipate a negative return because today was due to release of data on retail sales are predicted to be worse than the previous period.

 

Retail sales numbers (m / m) England is expected to worsen in the level of -0.4% from 0.9%, while for the outside of the fuel (m / m) is predicted to decline 0.6% from 1.2%. As a result, of the fundamental figures add to the disappointment of investors are increasingly making it more likely they will release the first position until the situation is conducive. But the decline in Sterling may be a good opportunity to buy for those who like to speculate.

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News and Review of European Economic Zone

 

Worst Crisis Has Ended Europe: Draghi

Thursday, March 22, 2012

 

Europe experienced its worst crisis has ended and the European central bank, the ECB will take action at the risk of growing inflation, the ECB said the governor, Mario Draghi, told a German newspaper that the release this Thursday, trying to dampen tensions rising prices.

 

Draghi added that there is no immediate threat is inflation of two operational long-term borrowing undertaken in recent months the ECB has launched a fund of more than 1 billion euros into the financial markets.

 

By praising Germany as an example for Europe, Draghi said that the economy relies on 17 European countries to make the Euro hold crisis.

 

"If inflation expectations re-occur, we will immediately take the precaution," said Draghi told the daily newspaper Bild.

 

But he re-add a: "If there is no increase in oil prices and the increase in taxes from the government, inflation is still going steady at 1.5% for several months".

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News and Review of European Economic Zone (UK)

 

Sterling biased weakness - Bednarik

Friday, March 23, 2012

 

Sterling hit strongly related to risk aversion following the action of UK retail data release today, shows a further weakening of the investors.

 

Sterling reached 1.5770 level before returning to normal, end the session at 1.5819, down from 1.5871.

 

In Asia alone, seen posted by Sterling Friday's risk aversion and the data follow the British consumer confidence. Sterling moved within a limited range at 1.5815/25 today, with the support level was recorded at 1.5800, 1.5770 and 1.5730. While the level of resistance in the range of 1.5830, 1.5965 and 1.5890.

 

"On the hourly chart, Sterling biased weakness, held under the SMA-20 level and some indicators of the price move down below the middle, while in the longer term is still lack of clarity Sterling direction of movement", said Valeria Bednarik, chief analyst at FXstreet.com. "Sterling should be clearly penetrate the lower level that has been mentioned earlier in the 1.5770 to 1.5730 while continuing to fall just above 1.5830 then move down will be ignored in the short term".

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News and Review of European Economic Zone

 

Euro Rebounds; Goyahnya Amid Consolidation Moves Against EU Investor Confidence

Friday, March 23, 2012

 

Euro Index in trading today (23-03,04.01 GGMT) generally tracked showed movement rose against several other major currencies. After opening at around 104.58 in early trading (00:00 GMT) has edged up + 8 pips or about 0.08% and at the time of this story down the rolling observed in the range of 104.66.

 

Performance of the manufacturing sector for the month of March in the EU as a surprise decline, mainly influenced by a sharp decline in economic activity in Germany and France. Purchasing Managers Indexes Data are reported yesterday showed an alarming rate, and shook investor confidence that the EU can avoid recession this year.

 

Furthermore the survey results also indicate the occurrence of corporate downsizing in the EU, and increase the number of residents who lost their jobs.

 

The Italian consumer sector data to be released today by the statistics office ISTAT, is expected to show positive performance. Retail sales for January are expected to be improved to 0.2% of the value of -1.1% in January. Normal range on day Euro index is expected to have a support level at around 104.12 and resistance level at around 105.14.

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News and Review of European Economic Zone

 

Squashed Euro and Yen Recession Issue

Friday, March 23, 2012

 

In general, movement of the world market today (Friday, 23/3) are not much different from yesterday's session of the market movement still in negative territory.

 

For the major currencies, especially the single currency Euro, looks back down because of the fundamental figures emerging euro zone re-present fears of recession in the region. INR to weaken in the area of ​​$ 1.3205 after briefly sank to $ 1.3188 in morning session.

 

March PMI data released yesterday which surprisingly showed a deeper contraction in the manufacturing and service sectors in the euro area, the condition is due to be dragged by the decline of manufacturing activity manufacturers of Germany and France. And the market is now considered that the weakness of the PMI numbers increase the risk of recession in the region and will complicate the settlement of the debt crisis.

 

Euro more depressed after the dollar (USD) rally associated data that showed U.S. jobless claims decreased last week to the lowest level in 4-years. So due to these conditions, the Euro continued decline for three consecutive days until Thursday. Increasing burden of CAD because of depressed also by the strengthening of the Yen.

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News and reviews of the European Economic Zone (Spain)

 

Spain Limit rate of the European Market

Monday, March 26, 2012

 

Most of the stocks in the major European bourses traded slightly higher on Monday after the German business climate index Ifo reported a surprisingly showed an increase, despite the emergence of concerns over the prospects of strengthening the fiscal Spain still limit on the trading floor.

 

German DAX and French CAC40 sejah managed to survive in the green zone with each collecting 0.6% and 0.05%. Meanwhile, Britain's FTSE index recorded an increase of about 0.4% by mid-session on Monday.

 

The Spanish government on Sunday failed to obtain a majority vote in general elections in Andalucia, which may be more difficult for Prime Minister Mariano Rajoy to implement austerity measures in the region in an effort to reduce the state deficit.

 

"Spain began to enter the phase of the vulnerable," said Victoria Cadman, economist at Investec Securities. "The last election did not help and have raised questions about how the Spanish government will implement their austerity measures. Therefore, it becomes very important for the Euro zone ministers to immediately approve a rescue fund expansion of facilities when conducting a meeting in Copenhagen this weekend this. "

 

Euro zone finance ministers are scheduled to hold a meeting on Friday and next Saturday, where they expected to return to discuss about the increased size of the euro zone rescue fund facilities in an effort to prevent the spread of the debt crisis in the region. The latest news also mentioned if the Germans began to soften its attitude to the discourse of the facility expansion funding.

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News and Review of European Economic Zone

 

European bourses propped Attitude Skyrocket Software Germany

Monday, March 26, 2012

 

European stock markets as a whole rose on Monday after a report that German sentiment index rose above the forecast, but shares of Spain which is still depressed after a bad election result could potentially thwart the plan of saving the party was in power.

 

German business climate index based on the results of exploration than 7,000 companies rose to 109.8 in March from the previous month at 109.7 during the month of February. This data is surprising after experiencing an increase in the fifth month in a row and responded positively by investors because these data prove that the German economy shows performance over other member countries.

 

At the same time the Spanish and Italian bond yields began to recover following a rumor that Germany was ready to let go of objections related to the addition of a bailout for the euro zone is reached by combining the EFSF and ESM facilities for a certain period, and create powerful ammunition for the member countries of the risk of spreading crisis .

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News and Review of European Economic Zone

 

Above 1.3300 Euro Translucent Coming U.S. Economic Data

Monday, March 26, 2012

 

Dollar turns lower while the euro soared to its highest level since March 2 after Federal Reserve Chairman, Ben Bernanke express doubts over U.S. job creation is finally interpreted by traders that the central bank will disburse the next round of stimulus in the form of QE to shore up the economy.

 

In his speech before the National Association of Business Economists, Mr. Bernanke acknowledged that the development of the U.S. workforce is stagnant, and doubts can be sustained decline in the unemployment rate for the future without the low interest rate policy.

 

Although U.S. economic data is quite positive lately, but investors are still sensitive to the signaled QE3. Bond purchase program, known QE3 is likely to trigger a rise in share prices and other risky assets such as the euro currency, and weaken the dollar.

 

In 2011 for example, the decline in the U.S. central bank borrowing costs and running massive amounts of liquidity has been a major factor that pushed the dollar to its lowest level in 3 years.

 

So after Bernanke made ​​the comments are more negative than the alleged perpetrators of this market lead to the weakening dollar, and Euro benefited from the penetration above the psychological level of 1.3300.

 

The technical outlook EURUSD technical turn bullish, at least test the 1.3335 area before heading to 1.3400. On the bottom, look at the nearest support level 1.3285 and 1.3210 area.

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News and Review of European Economic Zone (UK)

 

GBPUSD: Suspended Resistance at 1.5971

Tuesday, March 27, 2012

 

Cable has appreciated and is currently detained in the range of 1.5971 resistance area. The technical bias currently tend to be flat GBPUSD and test the resistance. Rupture of the range of 1.5971 resistance likely to trigger a bullish acceleration towards the 1.6012 area. Conversely, if resistance were maintained, the opportunity is open to short-term correction of 1.5931 to 1.5885 area.

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News and Review of European Economic Zone

 

EURUSD: Tend Flat, Test Resistance at 1.3366

Tuesday, March 27, 2012

 

Bias on EURUSD 1-hour charts tend to be flat and test the range of 1.3366 resistance area. The technical level of the outbreak of mebuka opportunities for further bullish momentum towards 1.3407 area. This projection is also reinforced by the movement of the CCI and stochastic conditions that are currently approaching oversold area. But otherwise if the range of 1.3366 resistance is able to survive, the chances of an open short-term correction with the range of 1.3324 to 1.3278 target.

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News and Review of European Economic Zone

 

European Stocks Potential Open Stronger

Tuesday, March 27, 2012

 

European shares opened higher following the opportunity for gains in Asian stocks encouraged comments U.S. Federal Reserve Chairman Ben Bernanke said the loose monetary policy is still needed for the U.S. economy.

 

Citing CNBC.com, the FTSE 100 looks to open higher 19 points, the DAX rose 65 points and CAC rose by 19 points. Bernanke's comments seen by some people to confirm that the door to further asset purchases by the U.S. central bank will remain open. He also warned that faster growth is needed to lower the unemployment rate.

 

German Chancellor Angela Merkel told the BBC that the exit of Greece from the euro zone would be a disaster and an economic and political errors for all the euro zone.

 

Transocean, the owner of the world's largest offshore drilling is expected to sell some of the old refinery this year worth U.S. $ 500 million to U.S. $ 1 billion.

 

OECD Economic Survey of the Euro will be released at 8: 30 am GMT.

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German Critics Desire OECD European Bailout Funds To Increase

Wednesday, March 28, 2012

 

Germany criticized the appeal to raise funds to € 1 trillion bailout because it would upset the market. Organization for Economic Cooperation and Development (OECD) has previously been appealed to the European bailout fund was increased to € 1 trillion to help end the debt crisis. Earlier, German Chancellor also signaled agreement to combine instruments EFSF bailout temporary and permanent ESM so as to increase its lending capacity to € 700 billion.

 

Chancellor Angela Merkel's spokesman, Steffen Seibert, said, "It is regrettable that there never seems to quite high numbers in the discussion of bailout funds. Call to increase the European bailout fund has ignored the euro-zone members' ability to finance the bailout funds. Appeal such will only incur kegelisihan. "

 

Meanwhile, the euro weakened on the New York session. EUR / USD is now trading 1.3290, 1.3373 daily high level away from

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Wavy, Nestle and European markets stumbled Total

Wednesday, March 28, 2012

 

European stock market trading session on Wednesday reversed irregular disappointing U.S. consumer data, while mining stocks again struggled after commodity prices back down.

 

The Stoxx Europe 600 flats and monitored traded at 266.73.

 

Burden index, food group Nestle SA fell 0.9 percent after UBS cut the company's stock to "neutral" from "buy" and remove it from the list of favorites such banks.

 

Also increased the pressure on Europe, the oil group Total SA dropped 1.6 eprsen on concerns about gas leaks in the North Sea continued since Sunday.

 

France's CAC 40 Index rose 0.1 percent to a level of 3474.39, continued pressure by the shares of oil services company Technip SA fell 1.2 percent. Danone SA shares rose 1.8 percent after UBS said the rise in short-term view for the group of dairy companies.

 

Stocks in Asia and Wall Street record following a disappointing decline of U.S. consumer confidence data released yesterday.

 

In the UK, the mining company is also weighing on sentiment after oil and metals prices moved down. Among the mining stocks, Antofagasta PLC off almost 1 percent increase. Evraz PLC fell 1.7 percent after it reported full-year profit decline 4 percent in 2011.

 

In Germany, the DAX 30 index traded up 0.3 per cent, at 7,103.83, with shares of Infineon Technologies AG rose 2.7 percent.

 

In addition, the Italian bank, Banca Popolare di Milano SCARL fell 4.7 percent after Exane BNP Paribas shares are lower ranking to 'neutral' from 'outperform'.

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News and Review of European Economic Zone (UK)

 

Pound fell against the dollar after the GDP

Wednesday, March 28, 2012, 17:03

 

Pound extends decline against the dollar on Wednesday session, fell to a new decline in the last two days after official data showed that the UK economy contracted the surpassed forecasts in the last three months of 2011.

 

Office for National Statistics (ONS) said UK gross domestic product (GDP) contracted at a seasonally adjusted rate of 0.3 percent during the fourth quarter, more than the initial estimate of 0.2 percent contraction. GDP rose by an annual rate of 0.5 percent, below expectations for growth of 0.7 percent.

 

The report says that the income of households in Britain fell 1.2 percent in 2011, the biggest drop since 1977.

 

On Tuesday, Bank of England Governor Mervyn King said Britain's economy still faces a long road to pre-crisis levels of growth in the fiscal, but stopped short of indicating if the central bank is considering a new round of monetary easing.

 

Pound observed reaching its lowest level against the dollar since the beginning of this week at the 1.5904 level while then moving up to a level of 1.5910, or only down 0.24 percent. The pound also fell against the euro and yen. Pound tracked down 0.52 percent against the euro and touched the 0.8391 level and fell 0.58 percent against the yen to hit 131.88.

 

Later today, the U.S. will release official data on durable goods orders, as well as crude oil inventories report.

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News and Review of European Economic Zone (UK)

 

UK house prices fall

Thursday, March 29, 2012

 

UK house prices mostly fell 1% in March, according to data released by the Nationwide House Price Index.

 

The prices are 0.9% lower than a year ago, as stated by the chief economist at Nationwide.

 

UK house prices fell 1% this March, pushing the level of house price growth year on year into negative territory for the first time in 6 months. House prices is also 0.9% lower than March 2011.

 

Attenuation is appropriate after a drought property tax estimates are being made to push housing prices and the UK early 2012.

 

This weakened the housing market activity and prices expected to continue to weaken until the summer, especially if the economy began to reverse plus other policies, such schemes are successful NewBuy support the purchase.

 

but the current economic situation is predicted to take place so that home prices have not changed or only slightly decreased in the next 12 months.

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News and review European Economic Zone (Germany)

 

German unemployment fell February

Thursday, March 29, 2012

 

The unemployment rate in Germany was reported down last February, as reported by the Federal Statistical Office.

 

The data have not shown impairment diaudited 5.9% in February from 6.3% in January. At Febuarai 2011 unemployment rate was 6.6% dilevel.

 

The number of unemployed fell from 2.49 million in February and 2.66 million in the previous month. The unemployment rate remains stable dilevel 62.8% from 62.5% in January.

 

With the adjustment, the unemployment rate was still 5.7% dilevel. But down from 6.3% last year. Employment rate was 63.1% compared dilevel 63.2% in the previous month.

 

In February a total of 41.1 million people employed, 1.4% higher than last year. This growth rate is the same as in Janauri. The month on month basis, employment was up 0.1%.

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News and Review of European Economic Zone (UK)

 

Overbought, Sterling Strong Opportunity Correction

Thursday, March 29, 2012

 

Cable managed to rebound and shoot resistance area dikisaran 1.59195 - 1.59382 as was seen in 1-hour chart above. Technically advanced corrective opportunities seen as the condition of technical indicators which are currently approaching the overbought area. Correction for the time being the furthest thought mneuju area until 1.58401 1.58776 1.59382 survive if the range of resistance. Conversely if the resistance is broken, it could potentially trigger a bullish acceleration toward the area of ​​1.59614 to 1.59989.

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