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?

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

Technical Analysis Summary

Order Sell
Sell stop Below 1.0978
Stop loss Above 1.0998

Market Analysis provided by IFCMarkets