EURUSD Analysis: German import prices decline bearish for EURUSD

September 27, 2019

By IFCMarkets

German import prices decline bearish for EURUSD

The decline of euro-zones largest economy’s index of import prices accelerated to 2.7% over year in August from -2.1% in July. Will the EURUSD continue falling?

EURUSD rising toward MA(200)

On 1-hour timeframe EURUSD: H1 is in uptrend, rising toward 200-period moving average MA(200).

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Technical Analysis Summary

Order Buy
Buy stop Above 1.0939
Stop loss Below 1.0919

Market Analysis provided by IFCMarkets