EURUSD Analysis: Rising German import prices bullish for EURUSD

December 23, 2019

By IFCMarkets

Rising German import prices bullish for EURUSD

German import prices rose 0.5% over month in November after 0.1% decline in October. Will the EURUSD continue rising?

EURUSD rising toward MA(200)

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 rising to 50 level.

Technical Analysis Summary

OrderBuy
Buy stopAbove 1.1089
Stop lossBelow 1.1079

Market Analysis provided by IFCMarkets