August 4, 2020
Rising producer prices bullish for EURUSD
Euro-zone’s producer prices index rose in June: prices of finished goods and services sold by producers rose 0.7% over month in June after 0.6% increase in May, when an 0.6% decline was expected. This is bullish for EURUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 1.1804 |
| Stop loss | Below 1.1756 |
Market Analysis provided by IFCMarkets.com
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