EURUSD Analysis: Rising trade surplus bullish for EURUSD

By IFCMarkets

Rising trade surplus bullish for EURUSD

Euro-zone trade balance surplus rose in July when a slight decline was expected. Will the EURUSD rise?

EURUSD rising above MA(200)

On 1-hour timeframe EURUSD: H1 is in uptrend. The price has crossed above the 200-period moving average MA(200) which has started to rise.

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Technical Analysis Summary

Order Buy
Buy stop Above 1.1109
Stop loss Below 1.1055

Market Analysis provided by IFCMarkets