fbEURUSD Forecast | Falling industrial production bearish for EURUSD | IFCM UK

Technical Analysis EURUSD : 2019-09-12

Falling industrial production bearish for EURUSD

Industrial production in euro-zone fell 0.4% over month in July 2019, when 0.2% decline was forecast. The decline followed 1.6% drop over month in June. Will the EURUSD decline?

EURUSD rising above  MA(200)

On 1-hour timeframe EURUSD: H1 is in uptrend. The price has crossed above the 200-period moving average MA(200) which has started to rise.

Technical Analysis Summary

Buy stop Above 1.1032
Stop loss Below 1.1005

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