EURUSD Analysis: German industrial output decline bearish for EURUSD

December 6, 2019

By IFCMarkets

German industrial output decline bearish for EURUSD

Industrial production in Germany deepened in October. Will the EURUSD decline?

EURUSD falling above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling above the 200-period moving average MA(200) which is rising. And the RSI oscillator is falling below 50 level but has not reached the oversold zone. 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