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Trader, analyst and instructor with a 6-year experience

EUR/USD peaked on German data

German industrial production surprised the markets to the upside, rising by 2.4% m/m (highest level since spring 2012). The reading exceeded the forecast of 0.3% growth (prior: -0.8%).

EUR/USD retouched the $1.3325 resistance following the release, but then returned back below $1.3300.  

Don't forget that yesterday Germany has also released strong factory orders figure, but the data still can't persuade the market to fix higher. 

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