By IFCMarkets
Bigger German unemployment bearish for EURUSD
German unemployment rose more than expected in December. Will the EURUSD continue declining?
On 1-hour timeframe EURUSD: H1 is in downtrend, testing the 200-period moving average MA(200) which is level. The RSI indicator is about to reach the oversold zone.
| Order | Sell |
| Sell stop | Below 1.1130 |
| Stop loss | Above 1.1150 |
Market Analysis provided by IFCMarkets