Deteriorating German business expectations bearish for EURUSD
Expectations component of Ifo business climate index in Germany fell to a decade low while the index rose marginally in September. Will the EURUSD continue falling?
On 1-hour timeframe EURUSD: H1 is in downtrend. The price has fallen below the 200-period moving average MA(200).
Technical Analysis Summary
Order
Sell
Sell stop
Below 1.0978
Stop loss
Above 1.0998