Smaller than expected German trade surplus bearish for EURUSD
Germany’s trade balance surplus narrowed in August more than expected. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is above the 200-period moving average MA(200) which is rising. The RSI is about to reach the overbought zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1033 |
| Stop loss | Below 1.1011 |