EURUSD Analysis: Germany’s trade surplus increase bullish for EURUSD

September 10, 2019

By IFCMarkets

Germany’s trade surplus increase bullish for EURUSD

Germany’s trade surplus rose more than expected in July. Will the EURUSD start climbing?

EURUSD falling above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is still trading sideways. The price is above the 200-period moving average MA(200) which is declining. And the RSI is below 50 level and falling toward oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

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Market Analysis provided by IFCMarkets