EUR USD Analisi Tecnica - EUR USD Trading: 2020-12-03


Rising retail sales in euro-zone bullish for EURUSD

Technical Analysis Summary Euro Dollaro: Neutro

IndicatorVALUESignal
RSINeutro
MACDNeutro
Donchian ChannelNeutro
MA(200)Buy
FractalsNeutro
Parabolic SARSell

Chart Analysis

Retail sales in euro-zone rose 1.5% over month in October after 1.7% decline in previous month. Will the EURUSD rise?

The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising above the 200-period moving average MA(200) which is rising. And the RSI oscillator is falling toward 50 level, while the MACD indicator gives a neutral signal. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

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