EURUSD Analysis: Rising growth risks bearish for EURUSD

November 21, 2019

By IFCMarkets

Rising growth risks bearish for EURUSD

The European Central Bank stated in its Financial Stability Review that downside risks to global and euro-zone economic growth have increased. Will the EURUSD decline?

EURUSD rising above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is picking. The RSI oscillator is above 50 level and has not reached the overbought zone.

Technical Analysis Summary

OrderBuy
Buy stopAbove 1.1088
Stop lossBelow 1.1068

Market Analysis provided by IFCMarkets