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The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 95.20, almost unchanged for past 24 hours. EURUSD is trading near 1.1580. Bulls attack to levels above 1.1600 were stopped several times this week.

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Bullish: Increased demand for risk assets. Improving the mood in developing country markets on strong data from the U.S.

Bearish: Decline in euro area Industrial Production by 0.8% for the second month in a row.

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Next focus on: U.S. Producer Price index at 12:30 GMT. Fed’s Beige Book at 18:00

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