German inflation slowing bearish for EURUSD
The German inflation rate, measured by the consumer price index change over year, decreased from 1.4% in August to 1.2% in September. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is above the 200-period moving average MA(200) which is rising. And the RSI is rising above 50 level but has not reached the overbought zone yet. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.