By IFCMarkets
Better than forecast German GDP bullish for EURUSD
The gross domestic product in Germany In the third quarter increased by 0.1% on the second quarter of 2019, after 0.2% decline in Q2. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling below the 200-period moving average MA(200) which is falling. 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