EURUSD Analysis: Improving Ifo index bullish for EURUSD

November 25, 2019

By IFCMarkets

Improving Ifo index bullish for EURUSD

Germany’s Ifo institute reported its business climate index rose slightly in November. Will the EURUSD rise?

EURUSD falling below MA(200)

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 below 50 level and has not reached the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

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