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