EURUSD Analysis: Money supply growth slowing bullish for EURUSD

October 29, 2019

By IFCMarkets

Money supply growth slowing bullish for EURUSD

Annual growth rate of euro-zone broad monetary aggregate M3 decreased to 5.5% in September from 5.8% in August. Will the EURUSD rise?

EURUSD falling below MA(200)

On 1-hour timeframe EURUSD: H1 is in downtrend, below the 200-period moving average MA(200) which is levelling off. The RSI indicator is below 50 level but has not reached oversold zone.

Technical Analysis Summary

OrderSell
Sell stopBelow 1.1073
Stop lossAbove 1.1093

Market Analysis provided by IFCMarkets