EURUSD Analysis: Deteriorating German business expectations bearish for EURUSD

September 25, 2019

By IFCMarkets

Deteriorating German business expectations bearish for EURUSD

Expectations component of Ifo business climate index in Germany fell to a decade low while the index rose marginally in September. Will the EURUSD continue falling?

EURUSD falling below MA(200)

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

Technical Analysis Summary

OrderSell
Sell stopBelow 1.0978
Stop lossAbove 1.0998

Market Analysis provided by IFCMarkets