EURUSD Forecast | Rising growth risks bearish for EURUSD | IFCM India

Technical Analysis EURUSD : 2019-11-21

Rising growth risks bearish for EURUSD

The European Central Bank stated in its Financial Stability Review that downside risks to global and euro-zone economic growth have increased. Will the EURUSD decline?

EURUSD rising above MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is picking. The RSI oscillator is above 50 level and has not reached the overbought zone.

Technical Analysis Summary

Buy stop Above 1.1088
Stop lossBelow 1.1068

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