EURUSD Analysis: Germany’s industrial orders decline bearish for EURUSD

September 6, 2019

By IFCMarkets

Germany’s industrial orders decline bearish for EURUSD

Factory orders in Germany fell more than expected in July. Will the EURUSD continue falling?

EURUSD falling below MA(50)

A look at the price chart on 1-hour timeframe shows EURUSD: H1 is still trading sideways. The price has fallen below the 50-period moving average MA(50) which is levelling off. And the RSI is falling toward oversold zone. There is no trend yet formed, traders have to decide when would be a best time to enter the market.


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






Market Analysis provided by IFCMarkets