Improving composite PMI bullish for EURUSD
Euro-zone’s composite PMI improved in October: rose to 50.6 from 50.1 in September. Will the EURUSD rise?
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 level. The RSI oscillator is below 50 level.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1092 |
| Stop loss | Below 1.1072 |