Today at 13:00 CET the Bundesbank monthly
report will be released. It contains articles, speeches, statistics and
etc. The German GDP is ranking at the top of the EU members. Therefore,
the regulator’s report affects greatly capital markets if the official
ECB stance differs from the Bundesbank data. According to the ECB latest
statement, deflationary risks are rising and the labor market is
recovering in a slow pace. The Germany’s central bank report is
monitored by long-term and medium-term investors with utmost care.
Here we consider EUR/USD on the H4 chart. The price crossed upwards the H4 trend line, which is the first sign that bulls are gaining strength. At the same time, there is a weak bullish divergence on the RSI-Bars oscillator chart, despite the trend line reversal.
Read more Click Here / www.trade4x.net
Here we consider EUR/USD on the H4 chart. The price crossed upwards the H4 trend line, which is the first sign that bulls are gaining strength. At the same time, there is a weak bullish divergence on the RSI-Bars oscillator chart, despite the trend line reversal.
Read more Click Here / www.trade4x.net
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