European Union lowered growth forecasts for the euro-zone on global trade tensions. Will the EURUSD decline?

EURUSD rising toward MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising toward the 200-period moving average MA(200) which is level. And the RSI oscillator is above 50 level and 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.

 


 

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This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.

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