By IFCMarkets
Growing euro-zone trade surplus bullish for EURUSD
Euro-zone trade surplus rose more than expected in August. Will the EURUSD rise?
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 rising but has not reached the overbought zone yet. 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