By IFCMarkets
Improving Ifo index bullish for EURUSD
German Ifo business sentiment index rose more than expected in December. Will the EURUSD rise?
On 1-hour timeframe EURUSD: H1 is in downtrend, poised to test the 200-period moving average MA(200) which is level. The RSI indicator is below 50 but has not reached the oversold zone.
| Order | Sell |
| Sell stop | Below 1.1120 |
| Stop loss | Above 1.1140 |
Market Analysis provided by IFCMarkets