November 1, 2019
By IFCMarkets
Better than expected GDP bullish for EURUSD
Euro-zone GDP rose by 0.2% during the third quarter of 2019 when 0.1% increase was expected. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling toward the 200-period moving average MA(200) which is level. And the RSI oscillator is below 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
