By IFCMarkets
Consumer sentiment decline bearish for EURUSD
The consumer confidence index decreased in euro area more than expected in October. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in downtrend. The price is falling toward the 200-period moving average MA(200) which is rising. The RSI oscillator is rising toward 50 level.
| Order | Sell |
| Sell stop | Below 1.1107 |
| Stop loss | Above 1.1127 |
Market Analysis provided by IFCMarkets