EURUSD Analysis: German PPI slowing bearish for EURUSD

October 14, 2019

By IFCMarkets

German PPI slowing bearish for EURUSD

German producer price index decline was steeper than expected in September. Will the EURUSD decline?

EURUSD rising 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 rising. And the RSI is at 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.

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Market Analysis provided by IFCMarkets