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Technical Analysis EURUSD : 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

Buy stop Above 1.0989
Stop lossBelow 1.0958

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