Euro-zone CPI rise bullish for EURUSD
Euro-zone annual inflation rose to 1.0% in November from 0.7% in October, according to a Eurostat flash estimate. Will the EURUSD rise?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling below the 200-period moving average MA(200) which is falling. And the RSI oscillator is below 50 level and has not reached the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.