Falling German wholesale prices bearish for EURUSD
German wholesale price index decline accelerated in November after 2.3% drop over year in October. Will the EURUSD fall?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising above the 200-period moving average MA(200) which is rising. And the RSI oscillator 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.