EURUSD Analysis: Slowing of German producer prices bearish for EURUSD

September 20, 2019

By IFCMarkets

Slowing of German producer prices bearish for EURUSD

Growth of producer prices of industrial products in Germany slowed to 0.3% on the same month a year earlier in August from 1.1% in July. Will the EURUSD decline?

EURUSD falling below MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price has breached below the 200-period moving average MA(200) which is level. And the RSI is below 50 level and steady. 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