October 28, 2019
By IFCMarkets
Lower import prices bearish for EURUSD
The euro-zone index of import prices decreased by 2.5% in September 2019 compared to the corresponding month of the preceding year. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is rising. The RSI oscillator is rising but has not reached the overbought zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1106 |
| Stop loss | Below 1.1086 |
Market Analysis provided by IFCMarkets
