EURUSD Analysis: Weak trade balance bearish for EURUSD

November 8, 2019

By IFCMarkets

Weak trade balance bearish for EURUSD

French and German trade balanced for September were weaker than expected. Will the EURUSD decline?

EURUSD falling below MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price fell below the 200-period moving average MA(200) which is falling. 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