Growing industrial producer prices bullish for EURUSD
Industrial producer prices in euro-zone rose by 0.2% over month in July 2019, recording similar increase over year. The growth followed 0.6% decline over month in June. Will the EURUSD climb?
On 1-hour timeframe EURUSD: H1 is in uptrend. The price has crossed above the 50-period moving average MA(50) which has levelled off.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.1021 |
| Stop loss | Below 1.0963 |