Technical Analysis EURUSD : 2019-11-11

IFC Markets

Master Trader
Oct 31, 2012
1,443
4
84
London (Great Britain)
www.ifcmarkets.com
Falling wholesale prices bearish for EURUSD
The wholesale selling prices in Germany fell by 2.3% in October 2019 from 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 falling. The RSI oscillator is at about 50 level and has not reached the overbought zone.

Technical Analysis Summary


Order Buy
Buy stop Above 1.1039
Stop loss Below 1.1019