EUR/USD Technical Analysis | EUR/USD Trading: 2019-10-09 | IFCM India
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EUR/USD Technical Analysis - EUR/USD Trading: 2019-10-09

Better than expected German industrial output bullish for EURUSD

France’s trade balance deficit widened and Italy’s retail sales declined in August while Germany’s industrial output rose. Will the EURUSD rise?

EURUSD moving toward MA(200)

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

Technical Analysis Summary

OrderBuy
Buy stop Above 1.0989
Stop lossBelow 1.0958

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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