EURUSD Forecast | German ZEW sentiment improvement bullish for EURUSD | IFCM UAE

Technical Analysis EURUSD : 2019-09-17

German ZEW sentiment improvement bullish for EURUSD

ZEW Indicator of economic sentiment for Germany rose significantly in September 2019, after a decline in August. Will the EURUSD rise?

EURUSD rising toward MA(200)

The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is below the 200-period moving average MA(200) which has leveled off. And the RSI is at 50 level and set to fall below. 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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