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Technical Analysis
Technical Analysis EURUSD : 2019-11-11
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[QUOTE="IFC Markets, post: 172811, member: 18359"] [SIZE=5][B]Falling wholesale prices bearish for EURUSD[/B][/SIZE] 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? [IMG]https://ifccd.net/uploads/image/EURUSD_11November2019.jpg[/IMG] The price chart on 1-hour timeframe shows [B] EURUSD: H1 [/B] 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. [SIZE=5][B]Technical Analysis Summary[/B][/SIZE] [B]Order[/B] Buy [B]Buy stop[/B] Above 1.1039 [B]Stop loss[/B] Below 1.1019 [/QUOTE]
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