EURUSD Analysis: Slowing German inflation bearish for EURUSD

August 30, 2019

By IFCMarkets

Slowing German inflation bearish for EURUSD

Inflation in six German states indicated overall German inflation likely slowed in August from the prior month. Will the EURUSD continue declining?

EURUSD falling below MA(200)

A look at the price chart on 1-hour timeframe shows EURUSD: H1 is in bearish trend. The price has remained below the 200-period moving average MA(200) which is falling.

Technical Analysis Summary

OrderSell
Sell stopBelow 1.10371
Stop lossAbove 1.10555

Market Analysis provided by IFCMarkets