EURUSD Forecast | Improving composite PMI bullish for EURUSD | IFCM

Technical Analysis EURUSD : 2019-11-06

Improving composite PMI bullish for EURUSD

Euro-zone’s composite PMI improved in October: rose to 50.6 from 50.1 in September. Will the EURUSD rise?

EURUSD rising toward MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is level. The RSI oscillator is below 50 level.

Technical Analysis Summary

Buy stop Above 1.1092
Stop lossBelow 1.1072

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