EURUSD Analysis: German consumer deflation halt bullish for EURUSD

October 1, 2019

By IFCMarkets

German consumer deflation halt bullish for EURUSD

Consumer prices in Germany were unchanged over month in September after 0.2% decline in August. Will the EURUSD rise?

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is below the 200-period moving average MA(200) which is falling. And the RSI is rising above 50 level. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

Market Analysis provided by IFCMarkets