Rising retail sales in euro-zone bullish for EURUSD
Technical Analysis Summary EUR/USD: Neutral
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Neutral | |
| Donchian Channel | Neutral | |
| MA(200) | Buy | |
| Fractals | Neutral | |
| Parabolic SAR | Sell |
Chart Analysis
Retail sales in euro-zone rose 1.5% over month in October after 1.7% decline in previous month. Will the EURUSD rise?
The EURUSD technical analysis of 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 falling toward 50 level, while the MACD indicator gives a neutral signal. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.