Falling German PPI bearish for EURUSD
The decline of the index of producer prices for industrial products in Germany accelerated to 0.6% over year in October from 0.1% in September. Will the EURUSD decline?
On 1-hour timeframe EURUSD: H1 is in downtrend, above the 200-period moving average MA(200) which is level. The RSI indicator is below 50 level but has not reached the oversold zone.
Technical Analysis Summary
| Order | Sell |
| Sell stop | Below 1.1055 |
| Stop loss | Above 1.1075 |