German industrial output gain bullish for EURUSD
German industrial output rose in August when a decline was expected. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways still. The price is above the 200-period moving average MA(200) which has started rising. And the RSI is rising above 50 level but has not reached the overbought zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.