By IFCMarkets
Rising euro-zone trade surplus bullish for EURUSD
The euro-zone trade surplus rose to €18.7 billion in September from €12.6 billion in September 2018. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising toward the 200-period moving average MA(200) which is falling. And the RSI oscillator is above 50 level and has not reached the overbought 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