By IFCMarkets
German consumer deflation halt bullish for EURUSD
Consumer prices in Germany were unchanged over month in September after 0.2% decline in August. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is below the 200-period moving average MA(200) which is falling. And the RSI is rising above 50 level. 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