EURUSD Forecast | Smaller than expected German trade surplus bearish for EURUSD | IFCM

Technical Analysis EURUSD : 2019-10-10

Smaller than expected German trade surplus bearish for EURUSD

Germany’s trade balance surplus narrowed in August more than expected. 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 above the 200-period moving average MA(200) which is rising. The RSI is about to reach the overbought zone.

Technical Analysis Summary

Buy stop Above 1.1033
Stop lossBelow 1.1011

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