EURUSD Analysis: Low inflation bearish for EURUSD

September 18, 2019

By IFCMarkets

Low inflation bearish for EURUSD

Euro-zone August inflation was confirmed at flash reading of 1% over year, below the 2% central bank target. Will the EURUSD continue falling?

EURUSD testing MA(200)

On 1-hour timeframe EURUSD: H1 is in downtrend. The price is testing the 200-period moving average MA(200).

Technical Analysis Summary

OrderSell
Sell stopBelow 1.1036
Stop lossAbove 1.1068

Market Analysis provided by IFCMarkets