German industrial output decline bearish for EURUSD
Industrial production in Germany deepened in October. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling above the 200-period moving average MA(200) which is rising. And the RSI oscillator is falling below 50 level but has not reached the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.