EURUSD Analysis: Growing industrial producer prices bullish for EURUSD

September 4, 2019

By IFCMarkets

Growing industrial producer prices bullish for EURUSD

Industrial producer prices in euro-zone rose by 0.2% over month in July 2019, recording similar increase over year. The growth followed 0.6% decline over month in June. Will the EURUSD climb?

EURUSD rising above MA(50)

On 1-hour timeframe EURUSD: H1 is in uptrend. The price has crossed above the 50-period moving average MA(50) which has levelled off.

Technical Analysis Summary

OrderBuy
Buy stopAbove 1.1021
Stop lossBelow 1.0963

Market Analysis provided by IFCMarkets