By IFCMarkets
Euro-zone private sector activity decline bearish for EURUSD
Markit’s composite Index for euro-zone fell in September to 50.1 from 51.9. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is testing the 200-period moving average MA(200) which is falling. And the RSI is above 50 level and hasn’t reached the overbought zone yet.
| Order | Buy |
| Buy stop | Above 1.0968 |
| Stop loss | Below 1.0948 |
Market Analysis provided by IFCMarkets