EURUSD Analysis: Euro-zone current account surplus rise bullish for EURUSD

October 18, 2019

By IFCMarkets

Euro-zone current account surplus rise bullish for EURUSD

Euro-zone current account surplus rose to €27 billion from €22 billion in July. Will the EURUSD rise?

EURUSD rising above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is above the 200-period moving average MA(200) which is rising. And the RSI is above 50 level and has not reached the overbought zone. There is no trend yet formed, traders have to decide when it 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