Technical Analysis EURUSD : 2019-11-19

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)
Better than expected euro-zone current account bullish for EURUSD
The euro-zone current account surplus decline in September was smaller than forecast. Will the EURUSD rise?


The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising above the 200-period moving average MA(200) which is level. And the RSI oscillator is above 50 level and has not reached the overbought zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.