Falling industrial production bearish for EURUSD
Industrial production in euro-zone fell 0.4% over month in July 2019, when 0.2% decline was forecast. The decline followed 1.6% drop over month in June. Will the EURUSD decline?
On 1-hour timeframe EURUSD: H1 is in uptrend. The price has crossed above the 200-period moving average MA(200) which has started to rise.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1032 |
| Stop loss | Below 1.1005 |