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?
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
|Buy stop||Above 1.1097|
|Stop loss||Below 1.1077|
Market Analysis provided by IFCMarkets