Falling wholesale prices bearish for EURUSD
The wholesale selling prices in Germany fell by 2.3% in October 2019 from the corresponding month of the preceding year. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is falling. The RSI oscillator is at about 50 level and has not reached the overbought zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1039 |
| Stop loss | Below 1.1019 |