EURUSD Analysis: Bigger than forecast retail trade decline bearish for EURUSD

December 5, 2019

By IFCMarkets

Bigger than forecast retail trade decline bearish for EURUSD

Retail sales in the euro-zone declined in October over month more than forecast. Will the EURUSD decline?

EURUSD rising above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is rising. The RSI oscillator is above 50 level.


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Technical Analysis Summary

Order Buy
Buy stop Above 1.1097
Stop loss Below 1.1077

Market Analysis provided by IFCMarkets