fbEURUSD Forecast | Euro-zone GDP estimate downgrade bearish for EURUSD | IFCM Hong Kong

Technical Analysis EURUSD : 2019-09-26

Euro-zone GDP estimate downgrade bearish for EURUSD

ECB downgraded euro-zone outlook for real GDP growth in its Economic Bulletin for 2019 and 2020: to 1.1% in 2019 and 1.2% in 2020. Will the EURUSD continue falling?

EURUSD falling below MA(200)

On 1-hour timeframe EURUSD: H1 is in downtrend, but the RSI has formed a bullish divergence.

Technical Analysis Summary

OrderBuy
Buy stop Above 1.0964
Stop lossBelow 1.0944

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