Better than expected German industrial output bullish for EURUSD
France’s trade balance deficit widened and Italy’s retail sales declined in August while Germany’s industrial output rose. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is moving toward the 200-period moving average MA(200) which is rising. And the RSI is falling toward the 50 level.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.0989 |
| Stop loss | Below 1.0958 |