By IFCMarkets
Bigger than forecast retail trade decline bearish for EURUSD
Retail sales in the euro-zone declined in October over month more than forecast. Will the EURUSD decline?
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 rising. The RSI oscillator is above 50 level.
| Order | Buy |
| Buy stop | Above 1.1097 |
| Stop loss | Below 1.1077 |
Market Analysis provided by IFCMarkets