Better than forecast industrial production bullish for EURUSD
Industrial production in euro-zone rose by 0.1% in September compared with August, instead of a forecast of 0.2% decline. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising toward the 200-period moving average MA(200) which is level. And the RSI oscillator is below 50 level and has not reached the 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