By IFCMarkets
Lower consumer confidence bearish for EURUSD
German GfK consumer confidence index ticked down in October to 9.6 from 9.8. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is testing the 200-period moving average MA(200) which is rising. The RSI oscillator is falling but has not reached the oversold zone.
| Order | Buy |
| Buy stop | Above 1.1123 |
| Stop loss | Below 1.1102 |
Market Analysis provided by IFCMarkets