Home News EUR/USD: Euro found support against Dollar after weak empire manufacturing data

EUR/USD: Euro found support against Dollar after weak empire manufacturing data

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Euro finds support against US Dollar after the empire manufacturing data for US published weaker than expected. The EUR/USD was trading within a 100-hour moving average and a 200-hour moving average for last three trading days.

Although, the pair has broken below the 200-hour moving average but weaker US Dollar is giving room to the Euro bears. 

UK Brexit vote is due on the day and the event can bring high volatility for Euro and the rest of risk complex. 


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