October 30, 2019
By IFCMarkets
Steady French GDP bullish for EURUSD
French economy grew at the same pace – 0.3% over quarter in Q3, as the two previous quarters when a decline to 0.2% was expected. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling below the 200-period moving average MA(200) which is level. And the RSI oscillator is above 50 level but has not reached the overbought zone. 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
