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