Rising growth risks bearish for EURUSD
The European Central Bank stated in its Financial Stability Review that downside risks to global and euro-zone economic growth have increased. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average MA(200) which is picking. The RSI oscillator is above 50 level and has not reached the overbought zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1088 |
| Stop loss | Below 1.1068 |