Rising German trade surplus bullish for EURUSD
German trade surplus rose 14.9% over year in October. Will the EURUSD continue rising?
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 rising. The RSI oscillator is above 50 level but has not reached the overbought zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1075 |
| Stop loss | Below 1.1055 |