Inflation decline bearish for EURUSD
The euro-zone headline inflation declined to 0.7% in October 2019 from 0.8% in September. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is level. The RSI oscillator is above 50 level and has not reached the overbought zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1067 |
| Stop loss | Below 1.1047 |