EURUSD Analysis: Inflation decline bearish for EURUSD

November 18, 2019

By IFCMarkets

Inflation decline bearish for EURUSD

The euro-zone headline inflation declined to 0.7% in October 2019 from 0.8% in September. Will the EURUSD decline?

EURUSD rising above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is level. The RSI oscillator is above 50 level and has not reached the overbought zone.

Technical Analysis Summary

OrderBuy
Buy stopAbove 1.1067
Stop lossBelow 1.1047

Market Analysis provided by IFCMarkets