October 16, 2019
By IFCMarkets
Euro-zone inflation decline bearish for EURUSD
Euro-zone inflation slowed to near 3-year low 0.8% in September. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is above the 200-period moving average MA(200) which is rising. And the RSI is at 50 level and 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.
Market Analysis provided by IFCMarkets
