Technical Analysis EURUSD : 2019-12-05

IFC Markets

Master Trader
Oct 31, 2012
1,341
4
84
London (Great Britain)
www.ifcmarkets.com
Bigger than forecast retail trade decline bearish for EURUSD

Retail sales in the euro-zone declined in October over month more than forecast. Will the EURUSD decline?

EURUSD rising above 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 above 50 level.

Technical Analysis Summary


Order
Buy​
Buy stop
Above 1.1097​
Stop loss
Below 1.1077​