September 5, 2019
By IFCMarkets
Euro-zone retail sales decline bearish for EURUSD
Euro-zone retail sales fell in July. Will the EURUSD continue rising?
A look at the price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is above the 50-period moving average MA(50) which is rising. And the RSI is reaching the overbought zone. There is no trend yet formed, traders have to decide when would be a best time to enter the market.
Market Analysis provided by IFCMarkets
