By IFCMarkets
Slowing German inflation bearish for EURUSD
Inflation in six German states indicated overall German inflation likely slowed in August from the prior month. Will the EURUSD continue declining?
A look at the price chart on 1-hour timeframe shows EURUSD: H1 is in bearish trend. The price has remained below the 200-period moving average MA(200) which is falling.
| Order | Sell |
| Sell stop | Below 1.10371 |
| Stop loss | Above 1.10555 |
Market Analysis provided by IFCMarkets