Euro lost despite the good results of industrial production
Eurozone industrial production rose in February by 0.4 percent month on month. She managed to break free from the negative result of -0.6 percent in January. Credit for monthly growth has mainly increased energy production, which increased the rate of 2.6 percent. The production of consumer durable goods jumped by 1.3 percent and capital goods by 0.9 percent. Compared with February 2012, however, production of energy fell by 6.1 per cent and production of durable consumer goods, lost 4.8 percent. In the Czech Republic increased industrial production decreased by 1.6 percent.
Euro despite good results in industrial production continues to weaken. The market is on a steep growth stopped at the Fibonacci levels of 61.8 and turned direction. Currently it has the euro behind overcoming Reviews Support 127,129 and nearly sprinted approached the 50th Fibonacci levelIn the case of puncture could find stronger support for Reviews Support 125,948.
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