EURUSD Analysis: Falling German wholesale prices bearish for EURUSD

September 16, 2019

By IFCMarkets

Falling German wholesale prices bearish for EURUSD

German wholesale prices accelerated decline in August when an increase was forecast. Will the EURUSD continue falling?

EURUSD falling toward MA(200)

On 1-hour timeframe EURUSD: H1 is in downtrend. The price is declining toward the 200-period moving average MA(200).

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Technical Analysis Summary

Order Sell
Sell stop Below 1.1044
Stop loss Above 1.1064

Market Analysis provided by IFCMarkets