By IFCMarkets
Money supply growth slowing bullish for EURUSD
Annual growth rate of euro-zone broad monetary aggregate M3 decreased to 5.5% in September from 5.8% in August. Will the EURUSD rise?
On 1-hour timeframe EURUSD: H1 is in downtrend, below the 200-period moving average MA(200) which is levelling off. The RSI indicator is below 50 level but has not reached oversold zone.
| Order | Sell |
| Sell stop | Below 1.1073 |
| Stop loss | Above 1.1093 |
Market Analysis provided by IFCMarkets